Another theme of the lecture is the relationship between the nature of money, the scope for changes in the overall level of prices, and constraints on or opportunities for discretionary monetary policy. The next step in the evolution of the nature and transfer of money appears to be the spread of electronic forms of money and payment.
*  *  *  Welcome everyone to the annual one day conference on banking and other financial services for Barbadians and residents, organised by the Financial Services Commission and the Central Bank, in association with the Bankers’ Association and our other partners in the private sector.