New initiatives and ideas question the existing money system and stir the public debate. Are we talking about transformative developments, or is there little news under the sun?
Money on the Move?
Money, or to be more precise, money creation has turned into a hot topic. Especially the role of commercial banks in money creation is a source of confusion and discussion. New initiatives and ideas are questioning the existing money system and stirring the public debate, and alternative currencies are enjoying increasing popularity. How come? Tonight, professor Wim Boonstra takes stock of these trends and discusses how we can understand them in the context of recent societal developments. Many initiatives and debates centre around the question how money should be created, and by whom. Who should be in control and why? Explore what different perspectives on these issues imply for the position of traditional banks or the empowerment of citizens. Are we talking about transformative developments, or is there little news under the sun?
About Wim Boonstra
Wim Boonstra is Special Economic Advisor and Economist at RaboResearch. In addition, he is Professor in Economic and Monetary Policy at the Faculty of Economics and Business Administration of VU University (Vrije Universiteit Amsterdam). He lectures on money and banking systems, among other subjects. His main research fields include international economics, monetary policy, banking and international financial stability, and European integration. Wim Boonstra has held various additional positions over the years, including President of the Monetary Commission of the European League for Economic Cooperation (ELEC). This summer, he published the book Geld. Wat is het, wat doet het en waar komt het vandaan? (Money. What is it, what does it, and where does it come from?).
About lecture series ‘Money, Trust and Control’
How many currencies do you hold in your wallet, electronic or otherwise? And do you actually regard cryptocoins as money? A decade after the birth of the Bitcoin, we delve into the world of money – a world that seems to be on the move. We start by investigating the very nature of money, taking a historical perspective. This sets the scene for discussing what is happening today, and what we can expect in the future. Explore how societal developments and technical innovations challenge the way in which money is created and used, and what they foreshadow for the way we will transact in the future. Will alternative currencies overturn the existing monetary system? And what about the effect of these innovations beyond the monetary system, for instance on food chains? Travel from the past, through the present, to the future of money, and discover what trust, control and legitimacy have to do with it.