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The Future of Central Bank Digital Currencies (CBDC): Should the ECB issue a Digital Euro?

The publication of the first Libra white paper in June 2019 was a wake-up call for central banks around the world. Many of them started to intensify their efforts regarding the issuance of an own central bank digital currency (CBDC). According to a study conducted by the Bank for International Settlements (BIS), 80% of central banks worldwide are currently working on a CBDC. First projects have been launched, such as the Sand Dollar in the Bahamas. Others, such as China, are actively testing their CBDC called DC/EP. The European Central Bank (ECB) is also looking into the possibility of introducing a CBDC for the Euro Area, the digital euro. Therefore, a digital euro might become reality in a few years.

In this webinar, we focus on the digital euro project and address the following questions:

  • Do we need a digital Euro?
  • If yes, why? What are the use cases of a digital Euro?
  • Which role should the private sector play?
  • What could be a timeline for the ECB to issue a CBDC?
  • How advanced is the ECB in the development of a digital Euro? When should we expect to see a Euro-CBDC?
  • What are the consequences of delayed action by the ECB?

During the online panel you will also have the opportunity to ask direct questions to the Panelists.

Panelists

  • Alexander Bechtel, Digital Euro Association
  • Lena Grale, Digital Euro Association
  • Prof. Dr. Peter Bofinger, University of Würzburg
  • Dr. Jürgen Schaaf, European Central Bank
  • Julien Le Goc, Diem Association
  • Miguel Ángel Fernández Ordóñez, former governor of the Bank of Spain

Click here to watch the Panel discussion