Digital Money & Finance

The digital transformation is a megatrend that is having profound impacts on the monetary system as well as on financial markets, products, and institutions. While new solutions in the domains of big data, AI, and blockchain technology can lead to improvements in security, efficiency, and transparency, they are not without risks.

By giving rise to new business models, the digital transformation has the potential to disrupt entire markets. It has wide-reaching implications for market actors and value creation chains. These changes are of great relevance for market authorities not only because of potential impacts to financial stability; new technologies have also been transforming how central banks operate, as illustrated by the rise of central bank digital currencies (CBDCs).

Our research on digital money and finance covers a broad range of topics, including the opportunities and risks posed by new technologies for consumers, investors, service providers, and regulators. Significant attention is also devoted to macroeconomic implications. Interdisciplinary collaboration is particularly important given the legal and regulatory questions that arise in this field, and the associated need for expertise in data analytics and computer science.