The Central Bank of the Future: Summary of 2019 Conference Proceedings

The Central Bank of the Future: Summary of 2019 Conference Proceedings Paper # 4 Rapporteur Released March 20, 2020 Malika Begum malikab@umich.edu This work was made possible by the Bill & Melinda Gates Foundation for its support of the Central Bank of the Future project. [...] Summary of the Central Bank of the Future Conference - October 2-3, 2019 The University of Michigan For the last year, the University of Michigan’s Center on Finance, Law & Policy, under the leadership of Primary Investigators Michael S. [...] The conference brought together distinguished Central Bank Governors, policymakers, fintech executives, and experts from a wide range of disciplines to explore the future of Central Banks and their role in expanding access to financial services and address the following questions: ● Do the three policy functions of the modern Central Bank contribute to financial inclusion, poverty alleviation, and. [...] “One is that the financial health of the citizens is as important a goal as the health of the economy”, and two, “that data assets are understood to be at least as important as financial assets and are regulated and managed as such.” With these two wishes, Tescher sets up the stage to introduce a myriad of innovations that could make these wishes come true. [...] Michael Wiegand, the Director of the Financial Services for the Poor at the Bill & Melinda Gates Foundation agrees that across the developing world, financial inclusion is an explicit priority that some Central Banks are leading.