Lessons from the East Asian crisis Recent developments in certain East Asian countries focused attention on the many pitfalls for the smaller economies of the world on the road to financial globalisation.
It also opens the possibility of a retail CBDC, which would be very innovative in that it would be accessible to a wide audience. Introducing a digital euro for use in retail payments involves three considerations. The first is maintaining access to central bank money. The Eurosystem will continue to ensure that all citizens have access to banknotes at all times.