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.
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.