Conference on monetary reform hosted jointly by the Icelandic Prime Minister’s Office and KPMG Iceland
On Monday the 5th of September at 8:30AM, the Icelandic Prime Minister’s Office (PMO) and KPMG Iceland will jointly hold the conference “Money Issuance – alternative monetary systems” to mark the publication of a KPMG report, commissioned by the PMO.
Last week the Bank of England released a key paper that analyses the 'macroeconomics of central bank issued digital currencies'. The paper essentially asks what would happen if people could hold money electronically at the central bank, instead of having to use bank deposits (created by commercial banks). We wrote about it briefly last week but we're still working through the fine details of the 69-page mathematical model to figure out the implications for our work. In the meantime, the Bank of England's staff blog has just released a much more accessible discussion of the issues:
The Cambridge Journal of Economics (probably the leading journal of Post-Keynesian economics) has published an entire special issue on "Cranks and brave heretics: Rethinking money and banking after the Great Financial Crisis", inviting a range of academics to comment on proposals to stop banks creating money (amongst other ideas for monetary reform).