Bundesbank’s Nagel: central bank business models are changing

Panetta says wholesale CBDC likely to launch sooner than retail; Das gives update on digital rupee

Joachim Nagel
Joachim Nagel
Sebastian Weindel

Central bank business models are being forced to change as the economy digitalises, Joachim Nagel, Deutsche Bundesbank governor, said on May 6.

“If you would have asked me 20 years ago, is the central bank model destroyable?” Nagel told the Bank for International Settlements’ (BIS) Innovation Summit in Basel, “I would have said no.” But, now: “I’m not so sure anymore.”

Nagel was sitting on a panel on wholesale and retail central bank digital currency (CBDC) alongside Bank of Italy governor Fabio

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.