Monnet, Cyril; Niepelt, Dirk (2023). Why the digital euro might be dead on arrival. Vox Eu
Full text not available from this repository. (Request a copy)The ECB has highlighted its commitment to developing a digital euro and has explicitly stated that the digital currency will adhere to three principles: preserve European strategic autonomy, reduce rent extraction by payment service providers, and serve as a robust monetary anchor when cash transactions decline. This column argues that a fourth, implicit objective – to protect banks and their business model – risks undermining the project. This could prove to be a significant missed opportunity given that social benefits of the digital euro substantially exceed its private ones.
Item Type: |
Newspaper or Magazine Article |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics |
UniBE Contributor: |
Monnet, Cyril, Niepelt, Dirk |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
Language: |
English |
Submitter: |
Julia Alexandra Schlosser |
Date Deposited: |
23 Oct 2023 12:30 |
Last Modified: |
23 Oct 2023 12:30 |
URI: |
https://boris.unibe.ch/id/eprint/187378 |
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