Central Banking and Fintech: A Brave New World

Abstract

In September of last year, I had the opportunity to deliver an address at the Bank of England. I noted at the time that returning to Fleet Street—the heart of London’s financial center—always feels like a journey through history. In the Middle Ages, that street was an important center of commerce, much of which has now moved online. By the 19th century, the street was home to ticker-tape machines and reporters racing each other to make the evening papers. That world, too, has largely moved online.