Unfortunately, people fall for ‘get rich quick’ schemes all the time, and countries can fall for them too. There is abundant evidence that the economic strategy of populism leaves people worse off than they were before. Yet somehow, the same ideas show up time and again, as if no-one ever learned from past mistakes.
To leverage on the potential synergies between digitalisation, finance and the transition to net zero emissions, the Bank of Italy, also through its new innovation centre located in Milano, and the Bank for International Settlements Innovation Hub have organised, within the framework of the Italian Presidency of the G20, an international contest, the TechSprint 2021, which we have just launched.