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Cash and Crises
The Court of Justice of the EU asked to Rule on the Right to Pay Cash (Part 2)
November 17, 2020
A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. In this second part, we analyse the link between legal tender and the exercise of fundamental rights. We also look at the implications of legal tender for a central bank digital currency (CBDC).
The ECB’s Debate on CBDCs is Mainly Analytical
May 14, 2020
European Central Bank executive board member Yves Mersch said that the ECB would only introduce a Central Bank Digital Currency (CBDC) if they become firmly convinced that it is both necessary and proportionate in ensuring currency stability.