Why thedigital euro? The crescent digitization of payments, accelerated by the pandemic and the increase in the use of cards and online payments, has pushed the central banks to consider new forms of currency. A digital euro, similar to cash but in digital format, would offer a secure and inclusive payment method, responding to the demand for digital currency and countering the potential spread of currencies issued by private entities, which could compromise monetary sovereignty and economic stability. Its introduction, however, is still under study and its emission will depend on a complex process legislativo. The final decision will face concerns and controversies regarding its implementation, security, and impacts on the banking system.
Tomorrow Stefano Siviero, deputy head of the Markets and Payment Systems Department of the Bank of Italy, will delve deeper into the topic on FIRST online in the new episode of Guide to finance, made by REF Searches in collaboration with Allianz Bank Financial Advisors and distributed in 16 languages.
Biography of Stefano Siviero
Stefano Siviero is deputy head of the Markets and Payment Systems Department of the Bank of Italy, co-chair of one of the working groups established in the framework of the G20-FSB Roadmap for the improvement of cross-border payments and member of the Markets Committee of the Bank for Settlements International. Previously, he was responsible for the econometric model and forecasts at the Bank of Italy, where he then held the position of Head of the Economic and Monetary Policy Service. He represented the Bank of Italy in many international working groups and committees, including, for over twelve years, the Monetary Policy Committee of the European Central Bank. He received his PhD from the University of Pennsylvania in 1995.
