Similar Search Results

Best before? : expiring central bank digital currency and loss recovery

Kahn, Charles M.; Oordt, Maarten R. C. van; Zhu, Yu - 2021 - Last updated: December 24, 2021

An important feature of physical cash payments is resilience, which is due to their indifference to power outages or network coverage. Many central banks are exploring issuing digital cash substitutes with similar online payment functionality. Such substitutes could incorporate novel features,...

Persistent link: https://www.econbiz.de/10012793565

Swedish Riksbank notes and Enskilda bank notes : lessons for digital currencies

Fung, Ben Siu-cheong; Hendry, Scott; Weber, Warren E. - 2018

This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and...

Persistent link: https://www.econbiz.de/10011864604

Eggs in one basket : security and convenience of digital currencies

Kahn, Charles M.; Rivadeneyra, Francisco; Wong, Tsz-Nga - 2021 - Last updated: January 28, 2021

Digital currencies store balances in anonymous electronic addresses. We analyze the tradeoffs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks. In our model, agents balance the risk of theft of a large account with the cost to safeguarding a...

Persistent link: https://www.econbiz.de/10012421984

Demand for payment services and consumer welfare : the introduction of a central bank digital currency

Huynh, Kim P.; Molnar, Jozsef; Shcherbakov, Oleksandr; … - 2020 - Last updated: March 12, 2020

In recent years, there have been rapid technological innovations in retail payments. Such dramatic changes in the economics of payment systems have led to questions regarding whether there is consumer demand for cash. The entry of these new products and services has resulted in significant...

Persistent link: https://www.econbiz.de/10012178031

Losing contact : the impact of contactless payments on cash usage

Felt, Marie-Hélène - 2020 - Last updated: December 23, 2020

I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear model. Using finite mixture modelling, I provide...

Persistent link: https://www.econbiz.de/10012404480

What drives Bitcoin fees? : using Segwit to assess Bitcoin's long-run sustainability

Brown, Colin M.; Chiu, Jonathan; Koeppl, Thorsten V. - 2022 - Last updated: January 10, 2022

Can Bitcoin remain tamper proof in the long run? We use block-level data from the Bitcoin blockchain to estimate the … impact of congestion and the USD price on fee rates. The introduction and adoption of the Segwit protocol allows us to … identify an aggregate demand curve for bitcoin transactions. We find that Segwit has reduced fee revenue by about 70%. Fee …

Persistent link: https://www.econbiz.de/10012797072

Safe payments

Chiu, Jonathan; Davoodalhosseini, Seyed Mohammadreza; … - 2020 - Last updated: December 10, 2020

We use a simple model to study whether private payment systems based on bank deposits can provide the optimal level of safety. In the model, bank deposits backed by projects are subject to default risk that can be mitigated by a depositor's ex ante and ex post monitoring. Safe payment...

Persistent link: https://www.econbiz.de/10012388751

Privacy as a public good : a case for electronic cash

Garratt, Rod; Oordt, Maarten R. C. van - 2019

collected through payments to price discriminate among future customers. A public good aspect of privacy in payments arises …

Persistent link: https://www.econbiz.de/10012033853

Central bank digital currency and monetary policy

Davoodalhosseini, Seyed Mohammadreza - 2018

Many central banks are contemplating whether to issue a central bank digital currency (CDBC). CDBC has certain potential benefits, including the possibility that it can bear interest. However, using CBDC is costly for agents, perhaps because they lose their anonymity when using CBDC instead of...

Persistent link: https://www.econbiz.de/10011878714

Anonymous credentials : secret-free and quantum-safe

Kazmi, Raza Ali; Minwalla, Cyrus - 2023 - Last updated: September 28, 2023

An anonymous credential mechanism is a set of protocols that allows users to obtain credentials from an organization and demonstrate ownership of these credentials without compromising users' privacy. In this work, we construct the first secret-free and quantum-safe credential mechanism. The...

Persistent link: https://www.econbiz.de/10014456631

1
2
3
4
5
6
7
8
9
10
Next
Last