The future of payments, Responding to uncertainty across Europe
Wednesday 26 February 2020 – Vol.11 Ed.9.2
Commentary: The future of payments
By Wolfram Seidemann in Munich
The world’s first central bank was founded in 1609. Central banks have managed currency in all its aspects ever since. Cash is the only sovereign public payment instrument that fulfils all of users’ requirements. It can be used easily and universally. It guarantees full financial and social inclusion with no entrance hurdles. Yet for all its benefits, it does not work in the digital realm. With more and more fully digital business models emerging, how can central banks transfer the benefits of cash to the digital world?
Read the full commentary on the website.
Meeting: Responding to uncertainty across Europe
Thursday 27 February, Frankfurt, 08:15-14:00 CET
A meeting of chief economists from central banks and the public sector, along with senior representatives from private sector institutions, to discuss the impact on Germany and Europe of global macroeconomic developments. The seminar will focus on the effect of new European leadership on fiscal and monetary policy reform and how Germany and Europe can navigate current challenges from climate change to digitalisation.
Request to attend the meeting.