TITLE:
Exploring the Financial Implications of the Digital Euro: Opportunities for Future Research and Analysis
AUTHORS:
Georgios L. Thanasas, Ioannis Tsouris
KEYWORDS:
Digital Euro, Central Bank Digital Currency (CBDC), Financial Implications, Monetary Policy, Financial Stability, Regulatory Frameworks, Digital Payments, Financial Inclusion, Technology Risks
JOURNAL NAME:
Theoretical Economics Letters,
Vol.14 No.6,
November
20,
2024
ABSTRACT: This paper explores the financial implications of the potential introduction of a digital euro, a central bank digital currency (CBDC) designed to complement cash and bank deposits. The research employs a comprehensive review of existing literature on CBDCs, qualitative analysis of their economic impacts, and scenario-based modeling to project possible outcomes. The study identifies key benefits, such as enhanced financial inclusion and reduced reliance on non-euro digital currencies, alongside challenges related to regulatory frameworks and technological risks. It also proposes a research agenda for future analysis in policy and regulatory developments.