Banknote Management for Central Banks - Risk Books
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Banknote Management for Central Banks

Edited By Ivan Montoya

Overview

Central bank payment systems are continually evolving to incorporate electronic transaction methods. But cash still remains an essential part of everyday use, with central banks at the core of banknote production.

With contributions from central bankers from around the world with a plethora of experience in the industry, this book provides practical guidance in how best to approach the broad range of key functions. From banknote design and substrate choice, to outsourcing production as well as communicating with and educating key stakeholders, Banknote Management for Central Banks is an essential guide for those responsible for designing, producing and securing banknotes.

"It covers the most important decisions to be taken by banknote managers, from the development and issuance of new banknotes through to the impact of alternative payment methods and the role of the central bank in the cash cycle. I am confident that the book will find many interested readers among banknote managers and other staff at central banks, and will also be useful for other stakeholders in the cycle." - Yves Mersch, Member of the Executive Board of the European Central Bank


Publish date: 30 Nov 2017

Availability: In stock

Product Unit Price Qty
Book - Banknote Management for Central Banks
£225.00
eBook - Banknote Management for Central Banks
EPUB
£225.00
OR

Book description

Central bank payment systems are continually evolving to incorporate electronic transaction methods. But cash still remains an essential part of everyday use, with central banks at the core of banknote production.

With contributions from central bankers from around the world with a plethora of experience in the industry, this book provides practical guidance in how best to approach the broad range of key functions. From banknote design and substrate choice, to outsourcing production as well as communicating with and educating key stakeholders, Banknote Management for Central Banks is an essential guide for those responsible for designing, producing and securing banknotes.

"It covers the most important decisions to be taken by banknote managers, from the development and issuance of new banknotes through to the impact of alternative payment methods and the role of the central bank in the cash cycle. I am confident that the book will find many interested readers among banknote managers and other staff at central banks, and will also be useful for other stakeholders in the cycle." - Yves Mersch, Member of the Executive Board of the European Central Bank

Book details

ISBN
Book - 9781782729761 / e-Book - 9781782729778
Publish date
30 Nov 2017
Format
Size
230mm x 280mm

Editor biography

Ivan Montoya

Iván Montoya was formerly the Treasurer at the Central Bank of Chile. Between the years 2004 and 2012 he modernised the country’s cash management system. Amongst other accomplishments, he developed (after 30 years with the previous series) an entire new family of Chilean banknotes; an iconic project which coincided with the country’s 200th Anniversary of Independence. He also modernised the system for banknote procurement and installed a Cash Processing Centre within the Central Bank using state of the art technology.

In addition, Iván implemented a new system of high value electronic payments for use in the Chilean financial system. Prior to that, between the years 1990 and 2011 he also set in place risk management policies and middle office unit for international reserves.

Iván holds an MA in Business and Finance specializing in risk administration and Central Banking and was an officer of the Central Bank of Chile for 26 years. Since 2013 he has been involved with the banknote industry as well as the cash cycle advising Central banks as well as being a Board Member of one of the industry’s leading companies.

Table of contents

Executive Summary

Ivan Montoya (formerly of the Central Bank of Chile)

SUPPLY

2. The evolution of banknotes: the main drivers

Antti Heinonen (formerly of the ECB)

3. Banknote design and security: authentication and counterfeit deterrence

Sara Church (formerly of the Federal Reserve)

4. Use-centred design of banknotes

Hans de Heij (Netherlands Bank)

5. Design: substrate

Guillermo Selva and Oknan Bello Dinartes (Central Bank of Nicaragua)

6. Polymer vs paper substrate lifespan calculations: the case of Canada

Ramesh Paskarathas, Lynne Graaskamp, Ted Garanzotis and Erik Balodis (Bank of Canada)

7. The evolution of cash handling procedures

Mordechai Fein (formerly Bank of Israel)

8. The demand for cash in France: review of evidence

Emmanuelle Politronacci, Elodie Ninlias, Enda Palazzeschi and Ghjuvanni Torre (Banque de France)

9. Tendering banknotes

Nicole Engel (Netherlands Bank)

CIRCULATION

10. There is more to currency management than meets the eye: leadership challenges

Barnabas Ferenczi (formerly Central Bank of Hungary)

11. A central bank?s role in cash supply and distribution: the Norwegian experience

Trond Eklund and Leif Veggum (Norges Bank)

12. The life of banknotes in circulation

Pairote Balun (Bank of Thailand)

RELATIONS WITH STAKEHOLDERS

13. Managing ethical risk regarding the provision of banknotes

Antti Heinonen (formely ECB)

14. The Reserve Bank of Australia?s banknote function and operations

Gordon Flannigan (Reserve Bank of Australia)

15. The keys to success in banknote communications

Olivier Radelet and Consuelo Capri (ECB)

16. Key stages in the implementation of a new banknote

Beat Grossenbacher and Dominique Hunziker (Swiss National Bank)

17. Introducing a new series of banknotes: lessons from Israel

Ilan Steiner and Hezi Kalo (Bank of Israel)

18. The evolution of payments and cash usage in Germany

Stefan Hardt (Deutsche Bundesbank)

Customer Reviews

Average customer reviews for Banknote Management for Central Banks
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