In addition, this would raise serious financial inclusion issues as not all people today can use computers or operate smartphones. In short, while I can very well envisage a world without cash, I view it as the outcome of changing technologies and social perceptions, not of policy prescriptions.
Besides, I do not believe that it would be desirable to remove the zero lower bound in the euro area at the current juncture. I say this for three reasons. First, removing the lower bound would not solve all problems related to monetary policy.