The BIS Quarterly Review takes an in-depth look at the fast-changing world of payments, explaining the strengths and weaknesses of existing systems, describing the rapid pace of technological change and its impact, and assessing new solutions.
Thanks to the speed of changes and the potential for disruption, payment systems have shot to the top of policymakers’ agendas. The BIS and central banks have a leading role in shaping policymakers’ response to these changes.
“Central banks have a core role in payment systems, and the changes under way require them to step up and play a more significant part in improving the safety and efficiency of these systems,” Agustín Carstens, BIS General Manager, wrote in the introduction to this special edition of the Quarterly. “Money and payment systems are founded on trust in the currency – whether cash or digital – and this trust is something that only the central bank can ensure”, he added.
- Bank of International Settlements
- BIS Review