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Economists Clash Over Central Bank Digital Currency: Safety Net or Systemic Risk? – DeFiance Daily – 11.29.23

Italian economist Ignazio Angeloni has expressed skepticism regarding the issuance of a central bank digital currency (CBDC), stating that current circumstances do not warrant such a move. In a paper titled “Digital Euro: When in doubt, abstain (but be prepared),” presented to the Parliament, Angeloni argued that invasive public intervention like a CBDC should only be considered if there is clear evidence of malfunctioning in the existing system, which is not apparent at the moment.