La futura gobernanza del sistema monetario internacional: primeras consideraciones sobre el papel del euro digital

This collective work analyses the keys to the current regime and different proposals for regulations on digital finance, payment means and services, money laundering, operational resilience, cybersecurity, and digital platforms and identities that the European Union is promoting to lead the good governance of financial technology. It can be said that after the unprecedented destruction suffered during the COVID-19 pandemic, an unprecedented construction is emerging: a new legal framework capable of enabling a sustainable, resilient Digital Single Market, based on more flexible, decentralised organisations and methods of business financing, combined with an efficient new Payment System and free movement of assets. Programmable money in central bank digital currencies (CBDCs, such as the digital EURO issued by the ECB) and stable currencies can unlock new business models, improve payment efficiency and give consumers more choice. Moreover, this health crisis has shown that the new crises we face require an effective, comprehensive and immediate response. At the same time, governments around the world will need tools that support resilience and long-term recovery, to support both crisis response and the long-term goals of financial inclusion and empowerment.