Short Description
The payment landscape is changing. Dr. Cathy Zhang will discuss how traditional forms of money are evolving and the potential problems policymakers face in light of these changes in an upcoming PURCE policy luncheon or livestream -- choose your modality!
Full Description
In the past few decades, transactions by consumers and firms are increasingly being made electronically using debit and credit cards, online account access, mobile applications, and even cryptocurrency.
Since this has resulted in a decline in the use of money issued by the central banks, policymakers have expressed concern this could have negative consequences for financial inclusion and the conduct of monetary policy. Dr. Zhang, associate professor of economics, will discuss the role money plays in the economy, how traditional forms of money are evolving, and potential problems faced by policymakers in light of the changing payment landscape. She will also discuss the role of cryptocurrencies and the possibility of a central bank digital currency that would make “digital reserves” available to private citizens.
Your host will be PURCE Kozuch Director Dr. Kevin Mumford, and there will be a Q&A following Dr. Zhang’s talk. Join us on Thursday, October 28, 2021, either in-person in Rawls Hall, 3rd Floor Commons, or virtually. Please register for one modality.
Event Type
Private/Public
Public
Commitment
Location
Multiple Locations
Website
Link
Hosting Departments
$
https://krannert.purdue.edu/centers/purce/events.php
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