Making the financial system more resilient For a central bank financial stability is a prerequisite for achieving its goal of a stable currency. The interplay between Islamic finance and financial stability is therefore of particular interest. Generally, an increasing number of approaches in banking and finance should make the system safer overall because it reduces the concentration of funding sources on the macro level.
Because paying digitally based on private solutions is already a well-functioning daily experience for Chinese people, encouraging them to change their behaviour and adopt CBDC (Central Bank Digital Currency) seems quite a burden. However, payments are a network industry, so it is crucial to attract a broad user base as soon as possible.