First, blockchain can offer fast or even near-real time transfers on a 24/7/365 basis, which, among other things, allows parties precise control over settlement times and in some cases, can enhance efficiencies and reduce liquidity risks. I will note, of course, that these benefits are not unique to blockchains.
We import tools and ideas and are eager to employ excellent economists from centres of advanced economic studies such as Ca’ Foscari. At the same time, the ECB is an active source of cutting edge economic thinking. I was very happy to see that last year our electronic Working Papers Series – posted on our web-site – attracted some 4 million downloads.