Central Bank of the Future
Introductory Project Brief & Overview. Barr, Michael S. and Adrienne A. Harris. Produced December 3, 2018. This paper was drafted at the inception of the Central Bank of the Future project as a brief memo and overview of ideas intended to provide the background supporting the project’s intent and importance.
Working Paper #1. The Central Bank of the Future. Barr, Michael S. and Adrienne A. Harris. Released July 8, 2019. The goal of this paper is to provide an early research note, beginning to build a foundation for a series of forthcoming Central Bank of the Future (CBOTF) papers, so that readers embark on this journey with a basic understanding of the evolution of Central Bank involvement in financial inclusion. This paper acknowledges several contributions to the research on Central Bank involvement in financial inclusion but is not intended to be an exhaustive review of current work. Rather, this paper seeks to provide research summaries and a few case studies to provide a high-level overview of the nexus between Central Banks and financial inclusion.
Working Paper #2. The Central Bank of the Future. Barr, Michael S. and Adrienne A. Harris. Released November 1, 2019. This paper distills the discussion of a private roundtable held at the University of Michigan's Gerald R. Ford School of Public Policy in June 2019. The goal of the roundtable was to consider new ideas that could better facilitate Central Bank innovation to support financial inclusion. Attendees participated in the conversation under Chatham House Rules; therefore, all ideas are listed without attribution.
Customer Autonomy and Pathways to Portability in Banking and Financial Services - Barr, Michael S., Abigail DeHart, and Andrew Kang. Working Paper #1. Released November 1, 2019; revised November 3, 2019. One of the critical ways to promote economic security is by making financial services work better for more American families. Efforts to build a financial system that promotes consumer autonomy will involve innovation and reforms to our payment systems and more broadly, our policy and legal infrastructure. Such advances help empower consumers and harness technological innovation, but they also need to be grounded with strong consumer protections—especially in an era where people increasingly turn to technology to manage their financial lives. This white paper is designed to spark conversation among academics, private sector stakeholders, public interest organizations, legislators, policy-makers, and regulators about how to approach consumer financial data.