2 As a leading example, productivity gains in U.S. manufacturing - which is particularly subject to international competition - have been especially impressive in recent years, averaging, by one measure, about 6 percent per year over the past decade.
First of all, it has to be established what form the overall package preparing us for a digital euro might take. In a next step, then, we will get a better idea of the specific involvement of commercial banks and payment service providers.