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Der digitale Euro aus einer historischen Perspektive

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  • Greitens Jan

Abstract

The introduction of a digital currency is part of the continuous evolution of the financial system, which has always been driven by technological innovations. For the first time in many years, Western central banks are exposed to potential currency competition. But a digital euro also has the potential to affect the two-tier structure of the grown financial system. The ECB should not engage in an interest rate competition with commercial banks and the digital currency should remain non-interest-bearing. Instead of imposing holding limits, notice periods could also be used to reduce the risk of bank runs. The ECB should limit itself and implement a hybrid digital central bank currency.

Suggested Citation

  • Greitens Jan, 2023. "Der digitale Euro aus einer historischen Perspektive," Wirtschaftsdienst, Sciendo, vol. 103(12), pages 807-810, December.
    • Handle: RePEc:vrs:wirtsc:v:103:y:2023:i:12:p:807-810:n:8
    DOI: 10.2478/wd-2023-0223
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    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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