Embracing Innovation: Tools and Governance

Abstract

This chapter examines why the central banks might need to engage in innovation work. Externalities and public good rationales for innovation at central banks are examined. This chapter then looks at different tools such as sandboxes, innovation hubs and TechSprints that the central banks might use to promote innovation with external stakeholders, and how the central banks can promote internal innovation within the central banks. Governance issues related to innovation promotion are also examined.

Citation

Moenjak, T. (2024), "Embracing Innovation: Tools and Governance", Central Banking at the Frontier, Emerald Publishing Limited, Leeds, pp. 307-321. https://doi.org/10.1108/978-1-83797-130-520241017