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 …

euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …

perspective. This approach employs a large-scale semi-structural model reflecting the dynamics of 91 significant euro area banks … and 19 euro area economies and is presented through an assessment of the stance evolution for the aggregate euro area … economy and for the individual euro area countries. Our results uncover mild tightening of the macroprudential policy stance …

first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both … sequence of financial reforms has improved the sector's ability to deal with major macro-financial shocks at the EU/euro area …

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 …