See Barontini, Christian and Henry Holden (2019): “Proceeding with Caution – A Survey on Central Bank Digital Currency”, BIS Papers No. 101, January. 8 See, for instance, ECB Crypto-Assets Task Force (2019): “Crypto-Assets: Implications for Financial Stability, Monetary Policy, and Payments and Market Infrastructures”, European Central Bank Occasional Paper No. 223, May.
Today, we are living in a phase of economic growth that is already distant from the emergency situation we experienced at the beginning of the decade. However, Portuguese society’s aspirations to individual well-being and social equity exceed the production capacity of the economy. And this misalignment between aspirations and possibilities, which is dynamic, can only be addressed with more and better economic growth.