Central Bank Digital Coins (CBDCs) and Monetary Sovereignty: Opportunities and Risks in the European Context
Ioannis Georgakas
MPRA Paper from University Library of Munich, Germany
Abstract:
Adopting a common European digital currency seems likely to be a powerful monetary tool that will facilitate the implementation of policies such as quantitative easing and interest rate regulation. On the other hand, the risk of destabilisation of the banking system , requires careful planning and public awareness. CBDCs will strengthen the EU geopolitically and seem to have an environmental dimension. The debate within the EU and the ECB is intense both on issues of legitimacy under the European Treaties and on issues of democracy and privacy rights. In practice, this is a technological innovation with serious parallel economic, social and political consequences.
Keywords: CBDCs; Eurozone policy; Monetary Sovereignty; ECB; Personal Data; Privacy (search for similar items in EconPapers)
JEL-codes: E42 E52 E58 (search for similar items in EconPapers)
Date: 2025-04-18
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:124457
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