This article studies the impact of a digital euro on financial stability. Our survey findings indicate that German households are open to the digital euro – suggesting they perceive that there are benefits to accessing a central bank digital currency. However, demand for the digital euro raises concerns about strong outflows of deposits from the banking sector, with potential implications for financial stability. We study this issue in a new macroeconomic model and conclude that the digital euro – if complemented with an appropriate holding limit, i.e. the maximum digital euro amount that an individual is permitted to hold – can actually strengthen financial stability and improve welfare.

Am 14. September 2017 hielt Jens Weidmann, Präsident der Deutschen Bundesbank, einen Vortrag in der Reihe IMFS Distinguished Lectures zur Geldpolitik nach der Krise in Frankfurt am Main.

Im Anschluss an seinen Vortrag beim Institute for Monetary and Financial Stability (IMFS) am 14. September 2017 beantwortete der Bundesbankpräsident Fragen aus dem Publikum.

Bundesbank und BaFin stellten gemeinsam die Ergebnisse der Umfrage zur Ertragslage und Widerstands­fähigkeit deutscher Kreditinstitute im Niedrigzinsumfeld 2017 vor.

The Bundesbank has completed the transfer of its gold reserves from New York and Paris to Frankfurt am Main three years ahead of schedule.