Bénassy-Quéré highlighted how digital innovation is transforming payments and the use of money, presenting both risks and opportunities for the euro. She emphasised that a lack of timely response could threaten Europe’s monetary sovereignty, while a strategic transformation in the provision and exchange of central bank money could strengthen European financial integration. In her lecture, she touched upon topics such as the current payment systems, tokenisation, and the implications for international monetary systems
By adapting to technological shifts, central banks can ensure the euro remains resilient and relevant in the evolving global financial landscape.
Watch the full lecture recording here.
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The Economic and Monetary Union Laboratory (EMU Lab) is a collaborative initiative driven by the Tommaso Padoa-Schioppa Chair and the Pierre Werner Chair, aiming to reassess the Economic and Monetary Union's structure in light of current European and global economic conditions.