The Future of the Financial System in the Digital Age

Big data and AI, algorithm-based trading, blockchain, mobile payment, and digital currencies are impacting the organization and the performance of financial markets as well as the content and business models of underlying financial services. Although we can already see how these developments are affecting the financial system, there remains high uncertainty regarding the timing, extent, and the economic and social implications of their impact.

The research project The Future of the Financial System in the Digital Age was launched in June 2019 and brings together leading Japanese and European experts in the field of banking, financial services, payment systems and digital technology. In monthly meetings, specific topics raised by the digital transformation are presented and discussed. As a result, it produced a publication in English as well as Japanese, which introduces Japanese and European discourses about the future of the financial system and various policy approaches to a wider Japanese and international audience.

The research project is jointly organized by the DIJ and the Regional Financial Laboratory. It is supported by inc. and chaired by Franz Waldenberger.

Recently published:

The Future of Financial Systems in the Digital Age: Perspectives from Europe and Japan, eds. Markus Heckel & Franz Waldenberger, Singapore: Springer Singapore 2022 (open access).

ドイツ日本研究所（編）『デジタル時代の金融システム―欧州と日本からの視点』（金融財政事情研究会、2022年）［日本語版］