Central banking at the frontier : creating a digital financial landscape

With a foreword by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand. Digital disruption is rapidly transforming the financial sector, propelled by FinTech, BigTech, and non-bank institutions meeting public needs but challenging incumbents. Central banks must adapt to facilitate fair comp...

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Bibliographic Details
Main Author Moenjak, Thammarak (Author)
Format Electronic eBook
LanguageEnglish
Published Bingley, U.K. : Emerald Publishing Limited, 2024.
Subjects
Online AccessFull text
ISBN9781837971329
DOI10.1108/9781837971305
Physical Description1 online resource (360 pages)

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245 1 0 |a Central banking at the frontier :  |b creating a digital financial landscape /  |c authored by Thammarak Moenjak (Chief Representative, Bank of Thailand London Representative Office and Senior Advisor to Digital Currency Unit at the Bank of Thailand) ; foreword by Sethaput Suthiwartnarueput, governor of the Bank of Thailand. 
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500 |a Includes index. 
504 |a Includes bibliographical references. 
505 0 |a Introduction Part I. The emerging digital financial landscape Chapter 1. The driving forces of the emerging digital financial landscape -- Chapter 2. The emerging digital financial landscape -- Chapter 3. Challenges in the emerging digital financial landscape -- Chapter 4. Implications of the challenges on the central banks Part II. Regulatory responses -- Chapter 5. Walled gardens and shadow banking -- Chapter 6. Monetary sovereignty and singleness of money -- Chapter 7. Customers' rights, AI ethics, cybersecurity, and financial exclusion Part III. Promotion of open digital infrastructures in financial services -- Chapter 8. Open digital infrastructures in financial services: Concepts and practices -- Chapter 9. Open digital financial infrastructures in financial services: A technical overview -- Chapter 10. Digital ID: The foundation for safe and secure digital financial services -- Chapter 11. Digital payments: Real-time, 24/7, with lower costs -- Chapter 12. Data sharing: Open banking, open finance, smart data -- Chapter 13. Central bank digital currency: Concepts, wholesale, and cross-border CBDC -- Chapter 14. Retail CBDC: Digital banknotes and a platform for innovation Part IV. Central banks' capabilities upgrade -- Chapter 15. Resilience mindset, mode of operations, and digital transformation -- Chapter 16. Innovation: Tools and governance. 
520 |a With a foreword by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand. Digital disruption is rapidly transforming the financial sector, propelled by FinTech, BigTech, and non-bank institutions meeting public needs but challenging incumbents. Central banks must adapt to facilitate fair competition, protect customer rights, and integrate new technology. Initiatives in countries like India, Brazil, and Thailand have reshaped finance, enhancing accessibility. Future developments, including central bank digital currencies, may revolutionize financial infrastructures, enabling incumbents and new players to offer improved products and services. Central Banking at the Frontier: Creating a Digital Financial Landscape: Architecting the New Digital Financial Landscape comprehensively explores these changes, providing insights into emerging issues, initiatives, and debates that will define the evolving financial landscape. Relevant not only for central bankers but also for professionals in banks, FinTech, and academia, Central Banking at the Frontier: Creating a Digital Financial Landscape helps readers stay informed on the dynamic digital era and contribute to shaping technology-driven financial services for the benefit of society. 
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700 1 |a Suthiwartnarueput, Sethaput,  |e writer of introduction. 
776 0 8 |i Print version:  |z 9781837971312 
776 0 8 |i PDF version:  |z 9781837971305 
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