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Survey of potential users of the digital euro: New evidence from Slovakia

Author

Listed:
  • Andrej Cupak

    (National Bank of Slovakia)

  • Pavel Gertler

    (National Bank of Slovakia)

  • Daniel Hajdiak

    (National Bank of Slovakia)

  • Jan Klacso

    (National Bank of Slovakia)

  • Stefan Rychtarik

    (National Bank of Slovakia)

Abstract

This paper presents the findings from a novel survey examining awareness and interest in the future usage of the digital euro in Slovakia. Approximately 34% of the respondents have already heard or read about the digital euro. Around 26% express an intention to use this new digital currency. The likelihood of its usage depends on political preferences, trust in institutions such as the central bank, and preferences for cash payments, in addition to standard socio-economic factors. The survey also reveals that privacy and transaction security are among the top concerns for potential users. The majority of respondents plan to allocate nearly 20% of their net monthly income to digital euro holdings. These insights may provide valuable guidance for shaping the operational framework of the digital euro and informing future communication strategy.

Suggested Citation

  • Andrej Cupak & Pavel Gertler & Daniel Hajdiak & Jan Klacso & Stefan Rychtarik, 2024. "Survey of potential users of the digital euro: New evidence from Slovakia," Working and Discussion Papers OP 2/2024, Research Department, National Bank of Slovakia.
    • Handle: RePEc:svk:wpaper:1111
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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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