On Tuesday 9 November 2021, the Lords Economic Affairs Committee will be taking evidence on the potential effect of central bank digital currencies (CBDC) on monetary policy and central banks.
In the first session, the Committee will hear from Patrick Honohan, Nonresident Senior Fellow at the Peterson Institute for International Economics and former Governor of the Central Bank of Ireland; and Eswar Prasad, Senior Professor of Trade Policy and Professor of Economics at Cornell University
In the second session, the Committee will hear from Jana Mackintosh, Managing Director for payments and innovation at UK Finance and Peter Randall, Principal at The Aurora Project.
Topics the committee is likely to cover in these sessions include:
- CBDCs and the power and responsibilities of central banks
- Advantages, if any, to early adopters of CBDCs
- CBDCs and the transmission of monetary policy
- The possible effects of CBDCs on the international monetary system
- Retail CBDCs versus wholesale CBDCs
- CBDCs and the possible impact on payments and innovation
The committee previously took evidence from Tom Keatinge, Director of the Centre for Financial Crime and Security Studies at theThe Royal United Services Institute (RUSI), Charlotte Hogg, CEO ofVisa Europe and Richard Brown, Chief Technology Officer at R3.
You can watch these evidence sessions on Parliamentlive.tv - Lords