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Central Bank digital currencies : a framework for assessing why and how

Fung, Ben Siu-cheong; Hałaburda, Hanna - 2016

Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the...

Persistent link: https://www.econbiz.de/10011565226

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 …. We provide a perspective on these issues by exploring access of First Nations reserves to cash. To do so, we measure the … distance between the 637 reserve band offices in Canada and their closest cash sources. In this study, these cash sources are …

Persistent link: https://www.econbiz.de/10012520249

Crypto "money" : perspective of a couple of Canadian central bankers

Chapman, James; Wilkins, Carolyn A. - 2018

rise of cryptoassets and a decline in the use of cash, should digital payments be left entirely to the private sector or …

Persistent link: https://www.econbiz.de/10011967273

Is a cashless society problematic?

Engert, Walter; Fung, Ben Siu-cheong; Hendry, Scott - 2018

implications of the abandonment of the use of cash in the future. More specifically, we look at a variety of ways in which the …

Persistent link: https://www.econbiz.de/10011926055

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

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

Should the central bank issue e-money?

Kahn, Charles M.; Rivadeneyra, Francisco; Wong, Tsz-Nga - 2018

Should a central bank take over the provision of e-money, a circulable electronic liability? We discuss how e-money technology changes the tradeoff between public and private provision, and the tradeoff between e-money and a central bank's existing liabilities like bank notes and reserves. The...

Persistent link: https://www.econbiz.de/10011944863

The role of public money in the digital age by

Rivadeneyra, Francisco; Hendry, Scott; García, Alejandro - 2024

retail public money - whether in the form of cash, a central bank digital currency or both - is a necessary component of such …

Persistent link: https://www.econbiz.de/10014577905

Central bank digital currency : motivations and implications

Engert, Walter; Fung, Ben Siu-cheong - 2017

similar to cash. The implications of such a digital currency are explored, focusing on central bank seigniorage, monetary …

Persistent link: https://www.econbiz.de/10011759869

Identifying financially remote First Nations reserves

Chen, Heng; Engert, Walter; Huynh, Kim P.; O'Habib, Daneal - 2022

populations and limited access to internet and mobile services. As a result, these First Nations have poor access to cash sources … likely contribute to their poor access to cash and financial services. …

Persistent link: https://www.econbiz.de/10013193291

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