Inancial Innovations and Monetary Policy

1. Describe the evolution of the payments system, in particular the trend towards emoney
and a i??cashless societyi??. Discuss and comment on the challenges that emoney
poses for central banking and monetary policy.
2. Discuss the effect of greater central bank independence on inflation, both in theory
and with respect to empirical evidence.
3. Discuss the concept of i??too big to faili?? within the financial sector. What are the
arguments in favour of this concept, and what are possible negative consequences?
4. Policy rates in many OECD nations have been close to or at zero in the aftermath of
the financial crisis of 2007-08. Discuss whether rates can go below zero and whether
Central Banks should charge monetary policy counter-parties (e.g., commercial banks)
for holding reserves

Added on 26.04.2015 03:44
atachment of title and reference