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By Arnd HEßELER, Heinz-Gerd STICKLING, Laura PFANNEMÜLLER, zeb consulting*
The digital euro is coming. The ECB forcefully presented its investigation phase that is now about to start. The digital euro’s design will determine how it is going to benefit citizens and banks.
Do you know the phenomenon of “rational inattention”? Every day we are flooded with information and therefore focus our attention on the things that are relevant to us. In a speech to the European Parliament, Fabio Panetta, member of the ECB Executive Board, quoted this theory to open his plea for introducing the digital euro.
The digital euro would ensure that citizens continued to have secure access to central bank money. Unfortunately, only few citizens ...
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