It’s all about the role of money
Nathanaël Benjamin, executive director of financial stability strategy and risk at the Bank of England, joins OMFIF to set out a unifying framework for understanding the role of central banks through the three core functions of money: as a unit of account, a medium of exchange and a store of value.
The speech draws out a clear link between the Bank of England’s activities and these three functions of money, and explores how this framework can help think through the optimal reach of central bank policies.
Benjamin also sets out how viewing financial policy through this lens helps to focus on addressing the risks and frictions that can impair the ability of money to perform its core functions, such as building resilience where shocks could be amplified, removing barriers to growth, or supporting responsible innovation where it enhances the functioning of money.
Speakers
David Marsh
Chairman
OMFIF
David Marsh
Chairman
OMFIF
David Marsh is Chairman and Co-Founder of OMFIF. Before starting at OMFIF in late 2009, he worked for City merchant bank Robert Fleming, corporate finance boutique Hawkpoint, German management consultancy Droege and London investment firm London & Oxford. Marsh took over the chairmanship from John Plender on 1 January 2018 having been Managing Director since 2014. He moved to a non-executive role following John Orchard’s appointment as Chief Executive effective 1 January 2020.
Nat Benjamin
Executive Director of Financial Stability Strategy and Risk
Bank of England
Nat Benjamin
Executive Director of Financial Stability Strategy and Risk
Bank of England
Timings
London: 11:00 – 12:00
New York: 06:00 – 07:00
Singapore: 18:00 – 19:00