Showing 1 - 10 of 35,626
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
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
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
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
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
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 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
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
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 contrast, aggregate cash demand in Sweden has been falling steadily. This …
Persistent link: https://www.econbiz.de/10012053000
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 contrast, aggregate cash demand in Sweden has been falling steadily. This …
Persistent link: https://www.econbiz.de/10012053139