The Future of Money

Tyler Cowen, Holbert L. Harris Chair of Economics and Chairman, Mercatus Center, George Mason University; Randall Kroszner, Norman R. Bobins Professor of Economics, University of Chicago Booth School of Business

The Future of Money by The Chicago Council

Today, money is increasingly more bits and bytes rather than bits of paper. Moreover, disruptive financial technologies and innovations—such as cryptocurrencies, mobile payment systems, peer-to-peer lending, and crowdfunding—continue to transform finance as we know it. Bitcoins can render banks superfluous, and new banking forms diminish the ability of central banks to influence the economy through monetary policy. As the nature of money and finance continues to evolve, what are the economic, political, and social implications?

 

 

Speaker Bio

Pre-Reads

"Bitcoin vs. banks," Randall Kroszner, Capital Ideas, 07/23/2015

"Could Machines Put Central Bankers Out of a Job?," Pedro Nicolaci Da Costa, The Wall Street Journal, 04/27/2015

The Future of Banks: Will Commercial Banks Remain Central to the Financial System?,” Randall Kroszner, Prepared for the Federal Reserve Bank of Atlanta conference “Central Banking in the Shadows: Monetary Policy and Financial Stability Postcrisis”, 04/2015  

Schedule

5:30 p.m.            
Registration and cash bar reception

6:00 p.m.            
Presentation and discussion

7:15 p.m.            
Adjournment
 

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