Other challenges are specific to the Eurosystem, like the completion of the single market with a single currency and a successful enlargement. The people of Germany as well as all 329 million fellow citizens in the euro area, can count on the ECB and on the Eurosystem. You can count on us to continue providing a solid and reliable anchor of stability and confidence. Particularly in the current environment both these elements are essential. I thank you for your attention. 8  BIS Review 16/2009
30.08.2022  Central bank money for the digital age: reflections on the new paradigm Keynote address/ Central Bank Research Association (CEBRA) Annual Meeting Margarita Delgado Deputy Governor  It is with great pleasure that I take up the opportunity of addressing such a distinguished audience tonight with a topic that I very much feel falls within CEBRA’s remit. In that respect, given the turbulent times we are living in, leveraging a space where an open and constructive dialogue between us and the academia can take place is sure to prove even more instrumental now than it has been the case in the past. Yet, over and above the daunting challenges of inflation, climate change, macroeconomic stability and many others which you are touching upon in this year’s conference programme, in the next few minutes I would like to turn my attention on to something very different. I am talking about the so-called central bank digital currencies, one of the most prominent examples of financial innovation. Being digital is no longer a prophecy awaiting realization as Nicholas Negroponte 1 once forecasted in his now renowned examination of the frontiers of digital technology and its effects on the future of our society. Instead, it has already become an all-encompassing phenomenon which the pandemic helped expedite by a few decades. Being digital in the financial industry means new opportunities for incumbents to acquire new clients, to expand their current share of the wallet and to obtain efficiencies unheard of.