As a result of the 2007-2009 financial crisis and the financial turmoil triggered by the COVID-19 pandemic, central banks have expanded their policy frameworks to protect financial stability. In a new article published by the European Systemic Risk...
Promoting financial inclusion is a stated political goal in many countries, including among central banks. Central banks address financial inclusion in a variety of ways – through programming, international alliances, and as part of their formal...
As part of the "Central Bank of the Future" research project undertaken by Primary Investigators Michael S. Barr and Adrienne Harris of the Gerald R. Ford School of Public Policy between December 2018 and May 2021, the Center on Finance, Law &...
Note: As part of the Central Bank of the Future research project, we asked a few people to help us think big in reimagining the Central Bank of 2070. What underlying assumptions would have to change to foster economic inclusion? This post is the...
The University of Michigan’s Gerald R. Ford School of Public Policy has received a grant from the Bill & Melinda Gates Foundation to identify opportunities for how a central bank of the future might build a financial system that serves the needs of...
The University of Michigan's Center on Finance, Law & Policy and the Federal Reserve Bank of San Francisco are co-hosting the second “Central Bank of the Future” Conference on Monday-Wednesday November 16 – 18, 2020, and we hope that you can join us from 12-4 EST.
Traditionally, central banks have served three policy functions – monetary policy, payments systems oversight, and financial institution supervision. This conference will convene international experts and practitioners to examine how these core functions contribute to financial inclusion, poverty alleviation, and a more inclusive economy – and what could be improved.The conference contributes to a research initiative undertaken by the University of Michigan’s Center on Finance, Law & Policy, in partnership with the Bill & Melinda Gates Foundation to consider how the role of a central bank could evolve in the future and enable central banks to make greater contributions toward financial inclusion. Ultimately, the research intends to identify technologies, processes, or tools that could benefit a central bank in supporting public policy objectives related to inclusion, and consider whether other sectors, including philanthropy, might have a role to play in supporting the development of those tools. Registration to the event is free. Speakers and attendees will include individuals from standards-setting bodies, central banks and other financial regulators, and policymakers, as well as futurists and technologists, and other financial ecosystem stakeholders.For more information visit http://financelawpolicy.umich.edu.
Over the past two years, the University of Michigan’s Gerald R. Ford School of Public Policy and its Center on Finance, Law & Policy, with support from the Bill and Melinda Gates Foundation, has embarked on an exploration of the Central Bank of the...
On March 31, 2021, the University of Michigan Center on Finance, Law & Policy convened a roundtable of central bankers, policy experts, and researchers to examine the intersection of climate change and financial inclusion. Participants included a...
In partnership with the Bill and Melinda Gates Foundation, this project explores the mandate and design of central banks to consider whether they might play an even stronger role in promoting financial inclusion, financial health, and a more inclusive...
