Most Central Banks in the world are currently considering - or at least studying - the launch of a Central Bank Digital Currency (CBDC). For instance, on 14 July 2021 the European Central Bank decided to launch a two-year investigation phase of a possible Digital Euro [European Central Bank...

Most Central Banks in the world are currently considering - or at least studying - the launch of a Central Bank Digital Currency (CBDC). For instance, on 14 July 2021 the European Central Bank decided to launch a two-year investigation phase of a possible Digital Euro [European Central Bank...

Book description: Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James,...

This report analyses global liquidity from a financial stability perspective, using two distinct liquidity concepts. One is official liquidity, which can be used to settle claims through monetary authorities and is ultimately provided by central banks. The other concept is private (or private...