The Joint Research Centre uses its scientific and technical expertise to support policy development in various dimensions of digital finance so as to contribute to the objectives of the EU Digital Finance Strategy. The JRC supports the Commission in the effort of assessing the impact and potential challenges for the financial sector arising from digital finance.
JRC research —crucial in understanding how digital finance affects the financial sector— is published in technical reports and academic journals and regularly informs policy making.
Here's a brief overview of the JRC's contributions and lines of research:
- Research on Stablecoins and Cryptocurrencies: The JRC is at the forefront of researching stablecoins, which are a type of cryptocurrency designed to have a stable value. They also develop tools to monitor cryptocurrency trends, helping to understand the evolution of the digital finance ecosystem.
- Digital Euro Analysis: The JRC has been instrumental in evaluating the potential impacts of introducing a digital Euro. They've examined how different holding limits might influence bank balances, helping policymakers understand the broader implications.
- EU Digital Finance Platform Development: The JRC is actively involved in creating a new Data Hub as part of the EU Digital Finance Platform. This initiative is a step towards more integrated and efficient digital finance systems in Europe.
- Open Finance Initiative: The JRC contributes to the discussions around Open Finance, exploring how to make financial data more accessible while ensuring security and privacy.
In summary, JRC's research brings scientific and technical insights to the table, being a guiding light for policymakers, and ensuring that decisions in the realm of digital finance are informed by scientific rigor and technical expertise.
Read more about our work
Digital financial services: synthetic data ensures compliance with confidentiality requirements
Preserving citizens’ economic well-being: evaluating risks and policy solutions for climate change, digitalisation, and biodiversity loss financial-related threats
Next generation virtual worlds: opportunities, challenges, and policy implications
A well-designed digital euro would avoid risks for financial stability and banks’ profitability
The team behind the research
Erica Francesca Di Girolamo coordinates activities related to competitiveness and economic security, focusing on foreign direct investments, global value chains, and the impact of digital technological advancements on the economic and financial sector.
Andrea Pagano is a data analyst and modeller who develops quantitative tools for impact assessments in the field of banking regulation and financial stability and for assessment and monitoring of the level of resilience, fairness, inclusiveness and sustainability of EU member states.
Juraj Hledik s a researcher at the European Commission’s Joint Research Centre. His focus is on the role of digital technologies in finance. His research fouses on crypto asset monitoring framework and the possibilities of using novel technologies in finance such as the large language models or data synthesization algorithms.
Stefano works on the reconstruction of bilateral international financial flows from three perspectives: database construction and feeding, policy work, and research. His research portfolio also includes several projects on the digitalization of the economy and finance
Contacts
Further information can be obtained from:
- Stablecoins and cryptocurrencies: Francesca [dot] DI-GIROLAMO
ec [dot] europa [dot] eu (Francesca Erica Di Girolamo); Juraj [dot] HLEDIKec [dot] europa [dot] eu (Juraj Hledik) - Digital Euro: Francesca [dot] DI-GIROLAMOec [dot] europa [dot] eu (Francesca Erica Di Girolamo); Marco [dot] PETRACCOec [dot] europa [dot] eu (Marco Petracco)
