Fintech not an ‘immediate threat’ to monetary policy – paper
Research from the Bank of Canada explores the impact fintech could have on central banks’ responsibilities
Economists from the Bank of Canada have concluded fintech does not pose an “immediate threat” to the conduct of monetary policy, given the early stage of the technology’s evolution.
In their paper Fintech: Is this time different?, authors Meyer Aaron, Francisco Rivadeneyra and Samantha Sohal discuss how the rise of fintech may affect the different areas of responsibility for central banks.
“As the technology is still evolving… it is too early to judge the effect of fintech on the financial
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