Technical Report Joint Research Centre (European Commission)
Future of the Euro: Pay Everywhere and Whenever You Want
M. Bellia*(European Commission, Joint Research Centre), F. Di Girolamo(European Commission, Joint Research Centre), I. Nai Fovino(European Commission, Joint Research Centre), M. Petracco Giudici(European Commission, Joint Research Centre), L. Sportiello(European Commission, Joint Research Centre), M. Vespe(European Commission, Joint Research Centre)
October 1, 2023
Abstract
This report explores how a digital euro could strengthen the euro's international role and European strategic autonomy in the payments domain. It examines the opportunities and design considerations of introducing a central bank digital currency alongside existing payment instruments. The analysis addresses the potential impact on financial stability, commercial banks, and the broader European payment ecosystem, providing a framework for evaluating how a digital euro could serve both retail and wholesale use cases while maintaining monetary sovereignty.
Citations
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Keywords
digital euroCBDCpayment systemsstrategic autonomymonetary sovereigntyfinancial stability
Topics
Financial SovereigntyDigital Euro & Fintech
Links
License
EU Reuse Decision 2011/833/EU