This virtual discussion is part of the OMFIF Digital Monetary Institute. OMFIF, the global central banking think tank, proudly announces the launch of the OMFIF Digital Monetary Institute on 5 May. The OMFIF Digital Monetary Institute creates a high-level college which convenes key policy-makers, technologists, financiers and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here.
CBDC and monetary policy implications for the euro area
In October, the European Central Bank published a report on a digital euro examining the issuance of CBDC from a Eurosystem perspective. John Mourmouras, senior deputy governor at the Bank of Greece, discusses this report and the prospect of a digital euro. He examines the effectiveness of monetary policy and financial stability considerations in the presence of CBDC.