What will the digital financial system of tomorrow be like? Who will play what roles within that system? And how will we make payments in the future? With cash? Book money? Digital money? Or with central bank digital currency? As different as all of these questions are, they do have one thing in common: they all require a joint European response.
In this regard, it is absolutely clear that the need for international exchange, consensus and collaboration will continue to grow. For this reason, we at the Bundesbank believe that it is vital to redouble our efforts to foster contacts with both other central banks as well as, in particular, national authorities and financial institutions in the major euro area countries.