digital currencies

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Opinion

Crypto… mania

Cryptocurrencies are here to stay but are unlikely to be considered a credible alternative to money anytime soon.

By: Maria Demertzis Topic: Finance & Financial Regulation Date: May 11, 2021
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Podcast

Podcast

Money, money, money!

The nature of money is under scrutiny as central banks begin pondering issuing digital currencies

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: April 30, 2021
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Opinion

Central bank currencies going digital

Electronic cash might be the future, but it is still unclear what payment innovation it offers for the public, certainly in the euro area. And it is unlikely to fully replace the comfort the consumer feels in having money under the mattress.

By: Maria Demertzis Topic: Finance & Financial Regulation, Global Economics & Governance Date: April 27, 2021
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Podcast

Podcast

A digital yuan?

China is moving towards a digital currency but there is a long way to go.

By: The Sound of Economics Topic: Global Economics & Governance Date: April 14, 2021
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Past Event

Past Event

Disruption or transformation: the impact of a digital euro on the financial system

How would a digital Euro impact the financial system?

Speakers: Fabio Panetta and Guntram B. Wolff Topic: European Macroeconomics & Governance, Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 10, 2021
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Blog Post

Libra as a currency board: are the risks too great?

The Libra Association claims it will be analogous to a currency board regime, but they have overlooked the problems of monetary management that come with it

By: Julia Anderson and Francesco Papadia Topic: Innovation & Competition Policy Date: January 27, 2020
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Policy Contribution

European Parliament

The next generation of digital currencies: in search of stability

Recent developments have re-opened the debate on the future of money. This Policy Contribution discusses two aspects: the implications of the rise of global private stablecoins, such as Facebook's Libra, and the role that public central bank digital currencies could play.

By: Grégory Claeys and Maria Demertzis Topic: European Parliament, Finance & Financial Regulation, Testimonies Date: December 2, 2019
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Podcast

Podcast

How not to spend it

Buying a car, a house or a cryptocurrency has never been easier: with a simple click, digital banking has made financial operations accessible to everyone. But, while Fintech has become widespread, financial literacy does not seem to keep up the pace. This week Maria Demertzis and Nicholas Barrett are joined by Annamaria Lusardi, Denit Trust Endowed Chair of Economics and Accountancy from George Washington University School of Business to discuss financial literacy.

By: The Sound of Economics Topic: Finance & Financial Regulation Date: October 31, 2019
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Opinion

Banking, FinTech, Big Tech: Emerging challenges for financial policymakers

FinTech and Big Tech firms are both increasingly stepping on banks’ traditional turf. This column introduces the 22nd Geneva Report on the World Economy, which looks at the challenges generated by new technology-enabled entrants to the global banking industry and the public authorities that oversee it. It argues that to respond adequately to the FinTech/Big Tech challenge, authorities will need to raise their game and enter uncharted territories.

By: Kathryn Petralia, Thomas Philippon, Tara Rice and Nicolas Véron Topic: Finance & Financial Regulation Date: September 26, 2019
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Blog Post

Libra: possible risks in Facebook's pursuit of a 'stablecoin'

Facebook’s new cryptocurrency has the potential to be both widely accessible and attractive to those countries that do not have strong sovereign currencies. So far regulators have treated such currencies as a minor risk to national economics, but the Libra could change everything.

By: Maria Demertzis, Jan Mazza and Bruegel Topic: Finance & Financial Regulation Date: July 17, 2019
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Opinion

Can virtual currencies challenge the dominant position of sovereign currencies?

Marek Dabrowski and Lukasz Janikowski analyse why private money has historically failed in competition against sovereign currencies and what it means for modern virtual currencies, such as Bitcoin.

By: Marek Dabrowski, Łukasz Janikowski and Bruegel Topic: European Macroeconomics & Governance Date: December 15, 2018
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Past Event

Past Event

Crypto assets: is a regulatory framework needed?

The economic potential and risks of crypto assets: is a regulatory framework needed?

Speakers: Thierry Philipponnat, Guntram B. Wolff and Bruegel Topic: European Macroeconomics & Governance Location: France Stratégie, 20 avenue de Ségur, 75007 Paris Date: September 19, 2018
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