Showing 1 - 10 of 16,435
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on … product in both Canada and Sweden. This reflects similar experiences in decreasing cash use for transactions over time due to …
Persistent link: https://www.econbiz.de/10012053139
Providing bank notes is one of the Bank of Canada’s core functions. The Bank is therefore interested in whether cash is … distance between the 637 reserve band offices in Canada and their closest cash sources. In this study, these cash sources are …. We provide a perspective on these issues by exploring access of First Nations reserves to cash. To do so, we measure the …
Persistent link: https://www.econbiz.de/10012520249
Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an … populations and limited access to internet and mobile services. As a result, these First Nations have poor access to cash sources … Nations are generally among the most geographically remote communities in Canada. Further, we show that these First Nations …
Persistent link: https://www.econbiz.de/10013193291
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
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
The use of bank notes in Canada for payments has declined consistently for some time, and similar trends are evident in … 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
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 … intensive margins of cash usage. I use a two-part model, with an exclusion restriction for better identification, to model both …
Persistent link: https://www.econbiz.de/10012404480
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