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authorChristian Grothoff <christian@grothoff.org>2022-06-21 13:08:48 +0200
committerChristian Grothoff <christian@grothoff.org>2022-06-21 13:08:48 +0200
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-add oenb report
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+{% extends "common/news.j2" %} {% block body_content %}
+
+<h1>2022-6: &quot;A digital euro and the future of cash&quot;</h1>
+
+<h2>Background</h2>
+<p>
+The <a href="https://www.oenb.at/">Central Bank of Austria</a> has
+published a report in the context of celebrating 20 years of
+Euro-denominated cash. The report discusses the future of cash,
+including account- and blockchain-based designs, as well as
+<a href="https://taler.net/">GNU Taler</a>.
+</p>
+<h2>Abstract</h2>
+<p>
+What is the discussion about a digital euro – and, more generally, digital
+central bank currencies – all about? We are focusing here on the future of
+cash. For strategic reasons, central banks are seeking to provide a credible
+and viable public anchor for digital money given that the future might be
+shaped more strongly by new private issuers of money. The technological
+structures and business model-driven incentives of the new players, which are
+associated with the internet economy and thrive on network effects, might lead
+to a concentration of significant market power in payments. Ultimately, this
+might even result in a fragmented monetary system and jeopardize universal
+access to public money. From a central bank’s perspective, the crucial
+question is therefore not so much about replacing cash with new payment
+technologies but about finding ways to ensure that the monetary system will
+continue to work in the public interest in a digital future. Cash will, and
+should, play a role also in a future monetary system. By creating a digital
+euro, central banks in the euro area aim to adapt cash in such a way that it
+meets the needs of the digital age.
+</p>
+<h2>Download links</h2>
+<ul>
+ <li><a href="https://www.oenb.at/dam/jcr:0e3c00d6-2e0a-4089-b23c-5604e60ebde5/07_Mop_Q1-2_22_A-digital-euro-and-the-future-of-cash.pdf">Original publication (Oesterreichische Nationalbank)</a></li>
+ <li><a href="/papers/digital-euro-and-the-future-of-cash.pdf">Thesis PDF (English)</a></li>
+</ul>
+
+{% endblock body_content %}
diff --git a/www.yml b/www.yml
index 7884bdfe..35840b91 100644
--- a/www.yml
+++ b/www.yml
@@ -28,6 +28,9 @@ langs_full:
tr: Türkçe
meetingnotes:
newsposts:
+ - page: 2022-07.html
+ date: 2022-06-21
+ title: "A digital euro and the future of cash"
- page: 2022-06.html
date: 2022-06-16
title: "GNU Taler Scalability"
@@ -143,6 +146,16 @@ videoslist:
paperslist:
- year: 2022
authors:
+ - Martin Summer
+ - Hannes Hermanky
+ name: "A digital euro and the future of cash"
+ kind: Article
+ url: https://www.oenb.at/dam/jcr:0e3c00d6-2e0a-4089-b23c-5604e60ebde5/07_Mop_Q1-2_22_A-digital-euro-and-the-future-of-cash.pdf
+ url_html:
+ url_pdf: "papers/digital-euro-and-the-future-of-cash.pdf"
+ comment:
+ - year: 2022
+ authors:
- Marco Boss
name: "GNU Taler Scalability"
kind: Bachelor Thesis