are many reasons behind this dislocation, since 2014 the divergence in monetary policy between the euro area and the … currency basis. The downward pressure on yields, exerted by the APP, has made euro assets less attractive and has led investors … corporate issuers to the euro market in search of cheaper funding costs. These cross-border flows from issuers and investors …

A digital euro would provide the general public with an additional means of payment in the form of risk-free central … bank money in digital form that is universally accepted for digital payments across the euro area. A digital euro would … strategic autonomy and monetary sovereignty of the euro area in the digital era. It would be designed to have no material impact …

requirements and holdings of equivalent central bank deposits - has tended to accumulate in specific euro area countries and in a … differences across the euro area and the "home bias" in euro area government bond holdings. Overall, the net cross-border flows of …

In July 2021 the Eurosystem decided to launch the investigation phase of the digital euro project, which aims to … provide euro area citizens with access to central bank money in an increasingly digitalised world. While a digital euro could … of uncertainty surrounding the design of a potential digital euro, its demand and the prevailing environment in which it …