Tech could shake up international monetary system – IMF paper

Inertia likely to maintain status quo in near term, but impact of technology “highly uncertain”

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

Changes in the international monetary system have typically been “profound but slow”, research published by the International Monetary Fund says. However, technological shifts could speed up the rate of change in future.

Hector Perez-Saiz, Longmei Zhang and Roshan Iyer use data from Swift to explore the factors driving currency choice for cross-border payments. In a working paper, they highlight the “significant degree of inertia” due to network effects and switching costs, which tends to leave

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.