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The Forum is a noble liberalizing effort on the part of the Bank of England. It’s start of opening its ears to the public, it’s opening of a channel for wider opinions, and most of all: it’s a search of better ideas. The public may not be necessarily wiser or smarter than the Bank or the wider banking industry (or at least on the average), but the fact that the Governors are willing to devote so much of the quality time to hear from more people had been very noble and very respectable...

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This is a long post with questions relating to CBDC. I thought it might be better to post here than putting in the format of the questions session. Hopefully it's still noticed by the Governor. Dear Governor Carney: The BoE has done a good amount of rather high quality research works in CBDC, and had been one of the very first central banks to study the subject. The Staff Working Paper No. 605 was published since July 2016. Most the studies since had seem quite favorable and prospective...

Believing CBDC
by Believing CBDC
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Believing CBDC
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IMHO whatever future financial system looks like will largely depend – or dare I say entirely depend – on decision and action of the BoE today. Dare I say the future will be entirely different depending whether the BoE takes an active role or a passive role today with its leadership position and its power. What am I talking about? The future financial system in 2030 or beyond shall be very different – in fact entirely different – depending whether the financial system has or has not...

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A lot of concerns or cautions about the CBDC topic center around the speculative effects to the banking system, and whether there could be any bank runs – thus the fears of destabilizing the financial sector. From the latest & excellent research efforts of the Sveriges Riksbank, the Bank is now able to categorize CBDC into two classes – with distinctive characteristics and requirements. One type of CBDC can be banking account based, and this is perhaps the traditional way or...

Believing CBDC
by Believing CBDC
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Believing CBDC
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Kudos to Governor Carney for launching this brave new forum for the general public to have a say in the future – our future – of money. Before this, ears of central banks probably had been much less accessible to the common people, and traditionally, only bankers and selected few businesses would had ever had the chance to speak with the BoE. It would had been impossible for the Bank to setup meetings to hear everybody. Even if calling for input via letters the Bank would probably have to...

Believing CBDC
by Believing CBDC
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Believing CBDC
 

Believing CBDC

United Kingdom

Joined this community on Nov 6, 2018

Where did you hear about our Future Forum?
Bank of England website

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