What would a central bank do in this case? It will depend on markets’ initial reaction to the shock and on their expectations. Let me consider two cases.
The Bank of Greece closely monitors developments in the area of innovation in Europe and the rest of the world, and will continue to do so in future. The Regulatory Sandbox was set up drawing on the operational features of similar schemes in other countries, including Lithuania, whose central bank we had the privilege of hosting on today’s panel.