Retail central bank digital currency has morphed from an obscure fascination of technophiles and monetary theorists into a major preoccupation of central bankers. Pilot projects abound and research on the topic has exploded as private sector initiatives such as Libra/Diem have focused policymakers’ minds and taken the status quo option off the table. In this eBook, academics and policymakers review what we know about the economic, legal, and political implications of CBDC, discuss current projects, and look ahead.
ePubs
Published during the 2021 COP26 summit in Glasgow, this eBook provides a selection of solution-oriented research studies first featured on CEPR’s policy platform VoxEU.org, which highlight key policy issues for governments going forward, as well as detailed analyses of the effectiveness of policies currently in place. The eBook also provides a fascinating insight into the evolution of economic research on climate change over the last decade, and most starkly highlights the shift in urgency and appreciation of this daunting threat to humanity.
The target for global warming agreed on in the 2015 Paris Agreement implies that effective policies must be implemented to reduce emissions for the whole planet as soon as possible and reach net zero in the second half of the 21st century. This eBook, with contributions from economists working in more than 18 countries, provides timely and concise recommendations on achievable and efficient climate change policies that can be fast-tracked into implementation.
The recent wave of financial innovation related to digitalisation has the potential to change the landscape of financial service providers quite dramatically, including with the emergence of FinTech and BigTech companies as major players in the financial system. The chapters in this eBook analyse the pattern and progress of financial digitalisation across the globe and across a number of different dimensions and draw conclusions for regulatory policies.
The ECB recently completed an eighteen-month strategy review, published in July 2021, with the aim of innovating on both the design and the magnitude of its policy responses. This report, authored by senior European economists and written in parallel to the official review, provides a timely and clear framework to assess the current changes to and future evolution of the ECB’s strategy.



