Money in Crisis: The Return of Instability and the Myth of Digital Cash

SUERF BAFFI Bocconi webinar

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Thursday, November 13, 2025

Webex
14:30-16:30

In cooperation with

From its origins in ancient Mesopotamia through the advent of coinage in ancient Greece and Rome and the invention of paper currency in medieval China, the progress of finance and money has been driven by technological developments. The great technological change of our age in relation to money centers on the creation of digital money and digital payment systems. Money in Crisis (Ignazio Angeloni, Daniel Gros) explains what the digital revolution in money is, why it matters, and how its potential benefits can be realized or undermined. It explores the history, theory, and evolving technologies underlying money and warns us that money is in crisis: under threat from inflation, financial instability, and digital wizardry. It discusses how modern forms of digital money (crypto, central bank digital currencies, etc.) fit into monetary history and explains the benefits and risks of recent innovations from an economic, political, social, and cultural viewpoint.

From Birth to Maturity: Ten Years of Banking Union

The Florence School of Banking & Finance


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16 May 2024 12:30 CET
17 May 2024 14:15 CET

The FBF Annual Conference, co-organised this year with the Institute for European Policymaking at Bocconi University, will examine the Banking Union’s (BU) “mature” phase against the background of the early state and goals.

This high-level event will examine the Banking Union’s (BU) “mature” phase against the background of the early state and goals. Discussions will focus on the journey from the initial situation characterized by fragmented regulation, weak and opaque balance sheets, and risks of euro break-up, to the present one marked by stronger banks but incomplete Banking Union (BU), continuing fragmentation, and the rise of new challenges.

The event will cover prospects for further advancing the BU and the hurdles of working with an incomplete one. Additionally, it will address new challenges such as rising interest rate risks, the advent of digital banking, and the increased mobility of deposits. Participants will include officials involved in the construction and management of banking frameworks in Europe and overseas, banking leaders as well as researchers from Europe and elsewhere.

The conference can be attended only on premises. The limited seats available will be assigned on a first-come first-served basis.

EUROPEAN PARLIAMENT – Public hearing on Digital Euro

ECON (Committee on Economic and Monetary Affairs)

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Watch the recording here >>

On Tuesday 28 November 2023, from 14:30 to 16:30, the ECON Committee held a public hearing on the Digital Euro. This public hearing took place in light of the legislative proposal on the establishment of a digital euro put forward by the European Commission on 28 June 2023 as part of the Single Currency Package, which also includes a proposal on the legal tender of euro cash.

The discussions aimed to look at the different design options and implications of the digital euro project. In particular, the discussions focused on assessing the risks and benefits from various perspectives, for instance privacy, resilience of payment systems, financial stability and implications for the banking sector. The hearing was also a good opportunity to draw comparisons to other Central Bank Digital Currency (CBDC) projects that are being carried out.

My introductory statement

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The ECB’s Transmission Protection Instrument: A Legal & Economic Analysis

The Sovereign Debt Forum together with the London Financial Regulation Seminar

On Monday 31 October 2022, the Sovereign Debt Forum (a joint initiative of Georgetown IIEL and QMUL CCLS) together with the London Financial Regulation Seminar held a roundtable discussion on the ECB’s Transmission Protection Instrument (TPI).

The TPI was announced by the ECB on 21 July 2022 and is conceived as an anti-fragmentation tool in sovereign debt markets with the aim to support the effective transmission of monetary policy. The controversy surrounding this yet-to-be-activated instrument, in the light of rising inflation in the eurozone, is debated by a panel moderated by Professor Rosa Lastra (CCLS).

Panelists:

Lee Buchheit – Visiting Professor of CCLS/QMUL and of the University of Edinburgh

Daniel Gros – Director of the Centre for European Policy Studies, CEPS, Brussels

Ignazio Angeloni – European University Institute (EUI) and SAFE (Goethe University Frankfurt)

Luis Garicano – Visiting Professor of Economics, Columbia Business School

Sara Dietz – Ludwig-Maximilians-Universität München (LMU)

AFME/OMFIF European Financial Integration Virtual Conference

I will be speaking at @AFME (Association for Financial Markets in Europe) and @OMFIF’s European Financial Integration Virtual Conference on the 15 June 2021. 

You can register at: https://bit.ly/3wVHXij

Twitter: https://twitter.com/AFME_EU 

LinkedIn: https://www.linkedin.com/company/afme-association-for-financial-markets-in-europe