Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/271117 
Year of Publication: 
2023
Series/Report no.: 
SAFE Policy Letter No. 99
Publisher: 
Leibniz Institute for Financial Research SAFE, Frankfurt a. M.
Abstract: 
There is much discussion today about a possible digital euro (PDE). Is this attention exaggerated? Are "central bank digital currencies" (CBDCs) "a solution in search of a problem", as some have argued? This article summarizes the main facts about the PDE and concludes that, if the decision on adoption had to be taken today, the arguments against would outweigh those in favor. However, there may be future circumstances in which having a CBDC ready for use can indeed be useful. Therefore, preparing is a good thing, even if the odds of its usefulness in normal conditions are slim.
Subjects: 
Digital
Euro
Financial Stability
Monetary Policy
Central Bank
CBDC
Banks
Document Type: 
Research Report

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