To put it differently: the banking industry cannot put their collective heads in the sand but have to rise to the challenge. And this is due not only to fintech companies and shrinking profit margins. What are termed “disruptive technologies” are playing a decisive role here.
Appreciation of monetary stability is, of course, not to be confused with detailed knowledge of the mechanisms of monetary policy, although there is evidence to suggest that a person’s appreciation increases in parallel with the knowledge he or she has about the way in which these two factors interact.