10
Feb
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at a Bruegel online seminar |
Throughout history, innovations in money have challenged and altered the structure of the financial system. Time and time again, innovations have given rise to debates about the risks they pose and the rewards they bring, as well as the role of central banks in building confidence in money.
Paper banknotes are a case in point. As they were easy to carry, they made...