TY  - UNPD
A1  - Angeloni, Ignazio
T1  - The digital euro: A precautionary device, not a deus-ex-machina
N2  - 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.
T3  - SAFE policy letter - 99 
KW  - Digital
KW  - Euro
KW  - Financial Stability
KW  - Monetary Policy
KW  - Central Bank
KW  - CBDC
KW  - Banks
Y1  - 2023
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/64064
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-640643
UR  - https://safe-frankfurt.de/policy-center/policy-publications/policy-publ-detailsview/publicationname/the-digital-euro-a-precautionary-device-not-a-deus-ex-machina.html
PB  - SAFE
CY  - Frankfurt am Main
ER  -