Only balances of €500 allowed? What the digital euro is intended to deliver – and what not

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The interview was conducted by Oliver Stock. Europe is in the preparation phase of a project – the digital euro project – that has the potential to modify our payment system in a way comparable to the changeover from Deutsche Mark to euro. What is happening at the moment? The euro was introduced in 1999

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Reaching Net Zero: The risks of idle bystanders

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Check against delivery. 1. Introduction 2 Main Part 2.1 Climate scenarios 2.2 Climate transition plans 3. Closing remarks  1. Introduction My Lord Mayor, ladies and gentlemen, Albert Einstein observed that the most serious threat to our world comes not from those who do evil, but from those who stand by and watch. Sadly, this famous

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Interview with Corriere della Serra, El Mundo, Handelsblatt, Les Échos

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The interview was conducted by Stefan Reccius (Handelsblatt), Dominique Seux (Les Échos), Federico Fubini (Corriere della Sera) und Carlos Segovia (El Mundo). Is it correct to assume that a rate cut by the ECB in June is nearly a done deal? Let’s not count our chickens before they’ve hatched. If the Governing Council’s latest assessment

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Reflections on the Eurosystem’s new operational framework

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Check against delivery. 1 Introduction 2 The road to the current operational framework 3 The Eurosystem’s new operational framework 4 The trade-off between market activity and volatility 5 Closing remarks 1 Introduction Dear participants at this year’s Konstanz Seminar. It is a great pleasure and a privilege to be here with you and to deliver

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Too low, too high: What’s next for inflation?

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Check against delivery. 1 Introduction 2 Starting point: pre-pandemic inflation 3 Possible post-pandemic inflation factors 4 Possible implications for monetary policy 5 Concluding remarks 1 Introduction Ladies and gentlemen,  I am delighted to welcome you to the conference today. I truly regret that I cannot be there in person to speak to you at the

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