equivalent of paper‐based euro banknotes (e‐banknotes) and, if so, under what conditions such e‐banknotes might have legal tender …. Part 3 examines which monetary policy objectives and tasks could be better fulfilled if an e‐euro were issued or … of the ECB. The results are then weighed against the potential interests of third parties that could be affected by an e‐euro …

The paper provides empirical evidence on the effects of ECB conventional and unconventional monetary policy on the euro … Governing Council meetings. Both types of measures contributed to the depreciation of the euro from mid-2014; surprises …

The age of the euro has cast central banks in a newly prominent role in European integration and in macro …-economic policy making in Europe. This book examines the effects of the euro as the new European single currency on the central banks …Contents -- List of Figures -- List of Tables -- Abbreviations -- Notes on Contributors -- 1. The Age of the Euro: A …

‘digital euro’) to explore the design space of its possible future implementation …

The use of cash in the euro area is declining. Accordingly, the European Central Bank is exploring options for the … design of a digital euro as a form of central bank money available to the public. This article addresses the key question of … whether the Eurosystem is empowered to issue a digital euro and, if so, in what form. Based on a historical, teleological, and …

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 …

difference-in-differences strategy to show that the announcement of ECB euro liquidity lines has a direct positive signalling … positive spillbacks to the euro area since domestic bank equity prices increase by 6.7% in euro area countries highly exposed …

The euro and the European Central Bank (ECB) are inextricably linked at the institutional level, yet public opinion … diverges: support for the euro remained high even at the height of the crisis while trust in the ECB saw a steep decline. How … can we explain divergences between support for the euro and trust in the ECB? The present paper seeks to complement the …