As central bankers, it is our task to always maintain the public’s trust in euro cash. As researchers, we need to understand the core functions of money in the digital era. Cash is the natural starting point and the relevant benchmark in comparisons with other payment instruments.
4/5  BIS central bankers' speeches  I now look forward to having fruitful discussions with all of you. I hope you have a great time at the conference here in Munich and are able to exchange many valuable insights and ideas. Thank you.