Prof. Dr. Peter Bofinger
Senior Professor
University of Würzburg
Biography
Peter Bofinger is a Senior Professor at the University of Würzburg. From 2004 to 2019 he was a member of the German Council of Economic Experts. Previously he had been Vice-President of the University of Würzburg and an economist at the Deutsche Bundesbank.
About the company
Founded in 1402, Universität Würzburg is one of the oldest universities in the world. Today it is a university with an international reputation for excellent research.
Presentation
The Digital Euro: An anchor of stability or a gigantic flop?
The ECB has great expectations for the Digital Euro: "A digital euro (…) would provide a monetary anchor in the digital age, serving as a public good. It could foster innovation, increase the efficiency of payments, and support the overall economic efficiency of the European Union". In our view, as new payments object the digital euro offers no advantages compared to cash and traditional bank deposits. As a new payment system, the digital euro must compete with payment platforms like Paypal. So far, it seems not likely, that the digital euro could break the dominance of existing platforms.
Panel discussion: Design & Policy aspects
This panel explores the intersection of design and policy in CBDCs. The panellists will analyze the implications, challenges, and best practices for CBDC design and policy frameworks.
