Novembre 2017 - Vers la fin du cash ?

Digital Base Money: a few considerations from a central bank’s perspective

By Yves MERSCH
European Central Bank

There are many ways to design Digital Base Money (DBM) for non-banks. The different options have potential impacts – both positive and negative – that need to be studied and considered carefully. Only when the best way of designing DBM has been identified, can a decision be made as to whether DBM of non-banks should be introduced at all.
The most important question for the European Central Bank is whether introducing a DBM would affect our ability to honor our mandate to maintain price stability.

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Digital Base Money: a few considerations from a central bank’s perspective

Yves Mersch,
European Central Bank

There are many ways to design Digital Base Money (DBM) for non-banks. The different options have potential impacts – both positive and negative – that need to be studied and considered carefully. Only when the best way of designing DBM has been identified, can a decision be made as to whether DBM of non-banks should be introduced at all.
The most important question for the European Central Bank is whether introducing a DBM would affect our ability to honor our mandate to maintain price stability.

Retour au sommaire

Noviembre 2017 - El final del dinero en efectivo

Digital Base Money: a few considerations from a central bank’s perspective

Yves Mersch,
European Central Bank

There are many ways to design Digital Base Money (DBM) for non-banks. The different options have potential impacts – both positive and negative – that need to be studied and considered carefully. Only when the best way of designing DBM has been identified, can a decision be made as to whether DBM of non-banks should be introduced at all.
The most important question for the European Central Bank is whether introducing a DBM would affect our ability to honor our mandate to maintain price stability.

Retour au sommaire