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Electronic money and payments : recent developments and issues
Fung, Ben Siu-cheong; Molico, Miguel; Stuber, Gerald - 2014
The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications. In particular, they study how these developments will affect the demand for bank notes, and the central bank's balance sheet...
Persistent link: https://www.econbiz.de/10010403331
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Currency movements within and outside a currency union : the case of Germany and the euro area /Nikolaus Bartzsch, Gerhard Rösl and Franz Seitz
Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - 2011
In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal …
Persistent link: https://www.econbiz.de/10010209428
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Eurosystem Debts, Greece, and the Role of Banknotes
Whittaker, John - 2016
to an 86% increase in the Greek issue of euro banknotes.If EU/IMF loans to Greece cease, they will be replaced by larger … payments out of Greece, it would imply that cross-border payments by means of euro banknotes would also have to be restricted …
Persistent link: https://www.econbiz.de/10013008392
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Crypto "money" : perspective of a couple of Canadian central bankers
Chapman, James; Wilkins, Carolyn A. - 2018
The market for cryptoassets has exploded in size in the 10 years since bitcoin was launched. The technology underlying cryptoassets, blockchain, has also been held up as a technology that promises to transform entire industries. In this paper we examine what is new about cryptoassets and their...
Persistent link: https://www.econbiz.de/10011967273
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E-money : efficiency, stability and optimal policy
Chiu, Jonathan; Wong, Tsz-Nga - 2014
What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e-money system necessarily stable? What is the optimal way to design an efficient and stable e-money scheme? This paper provides a first attempt to develop a micro-founded, dynamic,...
Persistent link: https://www.econbiz.de/10010346217
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Survival analysis of bank note circulation : fitness, network structure and machine learning
Rojas, Diego; Estrada, Juan; Huynh, Kim P.; … - 2020 - Last updated: August 18, 2020
The efficient distribution of bank notes is a first-order responsibility of central banks. We study the distribution patterns of bank notes with an administrative dataset from the Bank of Canada's Currency Information Management Strategy. The single note inspection procedure generates a sample...
Persistent link: https://www.econbiz.de/10012262731
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An exploration of First Nations reserves and access to cash
Chen, Heng; Engert, Walter; Huynh, Kim P.; O'Habib, Daneal - 2021
Providing bank notes is one of the Bank of Canada’s core functions. The Bank is therefore interested in whether cash is adequately distributed across society, and this also influences the Bank’s thinking on issuing a central bank digital currency. We provide a perspective on these issues by...
Persistent link: https://www.econbiz.de/10012520249
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Foreign demand for euro banknotes
Lalouette, Laure; Zamora-Pérez, Alejandro; Rusu, Codruta; … - 2021
transactions is decreasing in the euro area – a phenomenon known as the paradox of banknotes – the members of the Overseas … workstream of the Eurosystem Research Network on Cash (EURECA) have conducted a study on the foreign demand for euro banknotes …
Persistent link: https://www.econbiz.de/10012424342
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Modelling euro banknote quality in circulation
Deinhammer, Harald; Ladi, Anna - 2017
The quality of banknotes in the cash cycles of countries in the Eurosystem varies, despite all of these countries using … identical euro banknotes. While it is known that this is dependent on national characteristics, such as public use and the … fitness levels. The model identifies: (i) the frequency with which banknotes are returned to the central bank; (ii) the …
Persistent link: https://www.econbiz.de/10011755507
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A tale of two countries : cash demand in Canada and Sweden
Engert, Walter; Fung, Ben Siu-cheong; Segendorff, Björn - 2019
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might suggest that cash will eventually disappear. However, cash in circulation in most countries, including Canada, has been stable for decades, and even rising in recent years. In...
Persistent link: https://www.econbiz.de/10012053000