The world of finance is shaking up as central banks worldwide speed up exploration and creation of CBDCs (Central Bank ...

A digital euro—a central bank digital currency (CBDC)—may be in the works if a proposal by members of the European Central Bank and the European Commission goes forward.

The European Central Bank Governing Council voted in October to finalize a rule book for a digital euro and select providers to develop the infrastructure for it over the next two years but, like ...

A central bank digital currency is similar to cryptocurrency. Both currencies are digital, but a CBDC is issued by a country's central bank as a form of fiat currency (it has no intrinsic value ...

ECB President Christine Lagarde says a digital euro could offer a way for people to buy things without depending on payment service providers controlled by non-European companies.

Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system ...

The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro.

We develop a quantitative New Keynesian DSGE model with monopolistic banks to study the macroeconomic effects of introducing a central bank digital currency (CBDC). Households benefit from an ...

European Central Bank moves 'digital euro' to next phase 10/19/2023 The EU has been looking into the feasibility of a digital euro currency project, moving plans into the "preparation phase ...

Philip Lane, chief economist of the European Central Bank, recently expressed urgency for the need to develop a digital euro—also known as a central bank digital currency (CBDC)—to compete ...

The central bankers' central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national ...

Central bank digital currencies can improve payment systems as well as financial inclusion—if they are appropriately designed. If not, they could pose risks. While not all countries may see an ...