E-money poses serious threats to financial system, says IMF paper

Digital money

Central banks should be cautious about the potential of e-money to destabilise the financial system, a new paper from the International Monetary Fund says.

In The rise of digital money, authors Tobias Adrian and Tommaso Mancini-Griffoli explore the likely impact of technology on banks. The paper marks the launch of a new series of IMF papers called ‘Fintech Notes’.

The authors warn of several financial stability risks that digital currencies pose. Many of their points echo recent comments by

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: