On 21 September 2017 the European Central Bank (ECB) announced that it would develop a euro unsecured overnight interest rate based on data already available to the Eurosystem. The interest rate, which would be produced before 2020, would complement existing benchmark rates produced by the...

The Eurosystem's digital euro project aims to make central bank money available to the public in digital form. As e-commerce evolves and people increasingly prefer to make payments using electronic means, a digital euro would bring the valued features of banknotes into the digital sphere. The...

The Eurosystem's digital euro project aims to make central bank money available to the public in digital form. As e-commerce evolves and people increasingly prefer to make payments using electronic means, a digital euro would bring the valued features of banknotes into the digital sphere. The...

The Eurosystem's digital euro project aims to ensure central bank money evolves alongside current payment preferences and trends, as well as to facilitate electronic payments everywhere in the euro area and strengthen Europe's strategic autonomy. A digital euro would be a digital means of retail...

From the conception and development of Europe's first common banknotes in the early 1990s, to the creation and launch of the second series, Europa. The book gives a detailed analysis of the choices faced at the different stages of design, production and issuance, and the reasoning behind the...

This paper studies euro changeover-related inflation using disaggregated price level data. The difference-in-differences approach is used and the control group for the treatment country, Estonia, is built from 12 euro area countries. The Nielsen Company disaggregated price data are employed at...