The employees of the International Monetary Fund have prepared a practical guide on the impact of FinTech financial technologies on the management of central banks. The study is aimed mainly at decision-makers and legislators and focuses on the most important legal issues concerning, inter alia, costs and ensuring financial sustainability. The document examines the impact of FinTech on monetary policy, money issuance and the payment system.
The authors of the study present the possible application of new technologies in changing central bank management models, the scope of autonomy, monetary policy and their role for the financial market.
The full text of the document is available in English at: https://www.imf.org/en/Publications/fintech-notes/Issues/2021/08/24/The-Impact-of-Fintech-on-Central-Bank -Governance-463625