宏观 · 聚焦欧元区 迈向数字欧元的第一步

关键论点

• 支付数字化、稳定币增长与DLT扩散对货币主权和欧洲金融基础设施构成挑战。
• 零售数字欧元连同Pontes与Appia项目，旨在使央行货币在数字经济中继续发挥作用。
• 持有上限与不计息旨在防止脱媒并维持银行存款的竞争力。
• 对银行信贷渠道的影响不确定：存款流出可能推高融资与放贷成本。

对应原文证据

1. Through the Pontes and Appia projects and the development of the retail digital euro, the Eurosystem aims to ensure that central bank money continues to fulfil its role in the digital economy, while supporting the integration and efficiency of European financial markets 1.
2. Origins and nature of the project The context The debate surrounding the introduction of a central bank digital currency (CBDC) in the euro area has emerged as a structural response to the rapid digitalisation of payment systems and the gradual decline in the use of cash in everyday transactions.
3. A powerful catalyst that accelerated the inclusion of this issue in the agendas of international monetary authorities was the publication of the white paper on the Libra project by a consortium of companies led by Facebook in 2019 2. · 2019