Showing 1 - 10 of 4,896
cash - the only form of central bank money that the public currently has access to - is declining rapidly in many countries … currency (CBDC). We conclude that depositors' need for control could be a reason why cash or a CBDC is essential, even in …
Persistent link: https://www.econbiz.de/10012214507
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
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
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
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
This paper presents OVer, a framework designed to automatically analyze the behaviour of decentralized finance (DeFi) protocols when subjected to a "skewed" oracle input. OVer firstly performs a symbolic analysis on the given contract and constructs a model of constraints. Then, the framework...
Persistent link: https://www.econbiz.de/10014577871
We provide an analysis of cash trends in Canada before and during the COVID-19 pandemic. Focusing on the pandemic … period, we explore the implications on demand for, use of and access to cash. We find that cash demand has been strong pre …-pandemic and increased sharply during the pandemic. While cash use fell initially due to the decreased number of in-person shopping …
Persistent link: https://www.econbiz.de/10013362972
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
studies a platform's business model choice between accepting cash and issuing tokens, as well as the implications for welfare …, resiliency, and interoperability. A cash platform free rides on the existing payment infrastructure and profits from collecting … mitigate the cyber risk. Tokens earn consumers a return, insulating transactions from the liquidity costs of using cash, but …
Persistent link: https://www.econbiz.de/10012503511
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