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Im Euroraum wird die Einführung eines digitalen Euro bereits seit Längerem diskutiert. Die Untersuchungsphase der … Ländern wird digitales Zentralbankgeld bereits genutzt. Hinsichtlich der Einführung eines digitalen Euro ergeben sich viele … Geldform erfüllen, die von einer Zentralbank emittiert wird? Welche Risiken und Chancen ergeben sich mit dem digitalen Euro? …
Persistent link: https://www.econbiz.de/10014444442
currency competition. But a dig-ital euro also has the potential to affect the two-tier structure of the grown financial system …
Persistent link: https://www.econbiz.de/10014444465
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 …
Persistent link: https://www.econbiz.de/10013198349
In vielen Industriestaaten ist die Diskussion über die Abschaffung von Bargeld oder die Einführung gesetzlicher … Negativzinspolitik von Zentralbanken ihre volle Wirkung entfalten. Andererseits werde Bargeld für illegale Transaktionen genutzt, wie zur … Terrorfinanzierung, der Steuerhinterziehung und Geldwäsche. Rechtsexperten diskutieren aktuell, ob die Abschaffung von Bargeld oder die …
Persistent link: https://www.econbiz.de/10011576912
to an 86% increase in the Greek issue of euro banknotes.If EU/IMF loans to Greece cease, they will be replaced by larger … Greek borrowing from the eurosystem, for as long as Greece stays in the euro.Eurozone governments would only escape from … payments out of Greece, it would imply that cross-border payments by means of euro banknotes would also have to be restricted …
Persistent link: https://www.econbiz.de/10013008392
The paper looks at the National Bank of Romania’s issue of banknotes from 1880 through 1914, highlighting the developments in the notes’ cover, the channels whereby the central bank put its notes into circulation, as well as the behaviour of the issuing house during episodes of crisis. The...
Persistent link: https://www.econbiz.de/10014080423
Money creation began before the loan activities of the goldsmith-bankers in seventeenth-century London, in the form of coin clipping, coin debasement, and so on. However, money creation as we know it today (new bank loans create new bank deposits, which is the dominant means of payments) began...
Persistent link: https://www.econbiz.de/10013083850
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations … empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over … view that towards the end of 2000, the euro was significantly undervalued ...<BR><P>Pendant les deux premières années de l …
Persistent link: https://www.econbiz.de/10005045928
Austria, Finland and Sweden became members of the EU in 1995. This paper examines how support for the euro and trust in …. Support for the euro in the two euroarea members Austria and Finland has remained high and relatively stable since the … physical introduction of the new currency nearly 20 years ago, while the euro crisis significantly reduced support for the euro …
Persistent link: https://www.econbiz.de/10012269193
Privacy is a feature inherent to the use of cash for payments. With steadily increasing market shares of commercial digital payments platforms, privacy in payments may no longer be attainable in the future. In this paper, we explore the potential welfare impact of reductions in privacy in...
Persistent link: https://www.econbiz.de/10012033853