Signe Krogstrup: New types of digital money
Introduction
Ladies and gentlemen. It's a pleasure to welcome you to the conference on New types of digital money here at Danmark NationalBank.
Digitalization, new technologies and financial innovation are changing the nature of society. They also touch at the core of central bank mandates of monetary and financial stability as well as secure and payment systems.
Central banks are therefore increasingly analysing the implications for the future of the monetary and financial system. Danmarks Nationalbank is no exception. We pay close attention to ensure that society reaps the gains while minimising potential costs of these developments.
This is no simple task. Innovation in digital money and payments is moving fast and the direction is uncertain. We have to assess how to best respond to developments as they unfold. But we also need to stand ready to change our assessment when circumstances change or new insights emerge.
This is no simple task. Innovation in digital money and payments is moving fast and the direction is uncertain. We have to assess how to best respond to developments as they unfold. But we also need to stand ready to change our assessment when circumstances change or new insights emerge.
This is why we have convened you all to this conference today. I'm looking forward to the presentations and discussions on the agenda. As a central bank, we want to engage, we want to learn, and we want to be challenged!
But I would like to start by emphasising what we do know, from monetary history and scholarship. I will then discuss some of the implications for our assessment of future types of money.
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