Dr Daniele D’Alvia awarded funding to investigate the adoption of a Digital Euro
The research, funded by the Policy Support Fund and in co-authored with the European Central Bank (ECB), will analyse the potential successes and challenges of adopting a new central bank digital currency.
It will focus on the role, design, and implementation of Central Bank Digital Currencies (CBDCs) and investigate the current regulatory frameworks in the European Union around digital currencies. It will also explore the interplay between a Digital Euro and existing EU payment systems by analysing the Payment Service Directives.
The research will offer valuable insights into the implementation of the Digital Euro and directly inform policymakers directly involved with the project’s development. The collaboration with the ECB will enhance the findings, by grounding them in practical considerations.
It is hoped that the research will serve to inform future initiatives where countries are looking to adopt digital currencies, in particular the UK and the Bank of England, who is discussing adopting a Digital Pound.
The research will culminate in a conference at CCLS and a report co-authored by Dr Daniele D’Alvia, Lecturer in Banking and Finance Law at Queen Mary University of London, and Mr Giluio Ronzino of the European Central Bank.
The Policy Support Fund is awarded by Research England and is designed to provide small pots of funding to assist academics in building relationships with partners that can lead to policy impact.
More information:
- Dr A'Alvia is Deputy Director of Queen Mary's Institute of Banking and Finance Law.