The Deutsche Bundesbank’s digital transformation

Deutsche Bundesbank
Image: Central Banking montage/Fabian Stürtz/Getty

The mighty wave of digitalisation poses challenges to central banks in two major ways. First, the ongoing evolution of information technology, accompanied by cultural and behavioural changes due to the digitalisation of our everyday lives, necessitate profound changes in the environment of central banks, particularly the financial sector.

The emergence of artificial intelligence and blockchain projects are just two examples of a general trend. With firms integrating or disintegrating

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