This should be the case irrespective of the entity with which they open their digital euro account or wallet and the country they are from. We also want to make a digital euro available to people who currently have no or limited access to digital payments, in order to improve financial inclusion.
Higher interest rates in the US or crises in other countries can bring about abrubt changes in financial conditions and trigger crises in emerging markets. But domestic policy management is very important as well. Recent studies, including one made at the Bank of Finland, show that excessive borrowing by the government or private banks seem to be key reasons for the recent crises.