Carstens: Money without central banks is doomed to fail

Agustín Carstens
BIS

The technology behind money may be evolving but it is essential that central banks remain at the heart of the monetary system, Agustín Carstens said on December 5.

The Bank for International Settlements (BIS) general manager was critical of private attempts to usurp central bank money, saying that throughout history all such experiments ultimately succumbed to the temptation to subvert the system in search of profits.

Only central banks are able to build the trust that is required as a solid

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: