Showing 11 - 20 of 470,420
We conduct a follow-up to Chen et al. (2020) and study demand for and use of cash after the containment measures … circulation continued to rise in July due to ongoing cash withdrawals and decreased cash deposits in the Bank Note Distribution … System. The probability of consumers using cash for payments increased in July compared with April 2020. As well, consumer …
Persistent link: https://www.econbiz.de/10012619170
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
detrimental to protect the DeFi protocols against the oracle deviation in the real world. Moreover, this paper delves into the …
Persistent link: https://www.econbiz.de/10014577871
We estimate the effect of Bitcoin ownership on the level of cash holdings of Canadian consumers. Bitcoin ownership … positively correlates with cash holdings even after accounting for selection into ownership via a control function approach. On … average, Bitcoin owners hold 83 percent (in 2018) to 95 percent (in 2017) more cash than non-owners. Focusing on the quantiles …
Persistent link: https://www.econbiz.de/10013256534
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
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
For an intermediated central bank digital currency (CBDC) to be successful, central banks will need to develop sustainable economic models where intermediaries and end users derive value and central banks achieve their policy goals. This note presents a framework for analyzing different economic...
Persistent link: https://www.econbiz.de/10015062429
The concept of settlement balances is simple in its definition but complex when attempting to understand how they interplay between a central bank and the financial system. Settlement balances can be defined as interest-bearing deposits that belong to participants of Canada's payment system and...
Persistent link: https://www.econbiz.de/10013256950
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
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