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008210903t20212021onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
0861 |aFB3-6/2021-6E-PDF
1001 |aGarcía, Alejandro |c(Executive)|eauthor.
24510|aStablecoin assessment framework / |cby Alejandro Garcia, Bena Lands and Dennis Yanchus.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021.
264 4|c©2021
300 |a1 online resource (ii, 22 pages) : |billustrations.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff discussion paper = |aDocument d'analyse du personnel, |x1914-0568 ; |v2021-6
500 |aCover title.
500 |a"April 8, 2021."
504 |aIncludes bibliographical references (page 17).
5203 |a"We outline a three-step framework to investigate stablecoin arrangements and quantitatively assess their risk. The first step is to classify the stablecoin arrangement into three parts - coin structure, transfer system(s) and financial service(s) - and categorize the attributes of each part. The second step is to identify specific risk scenarios. The third is to quantify the range of probable loss and range of possible frequency associated with the identified risk scenarios. Our proposed framework allows authorities to understand the defining characteristics of stablecoin arrangements, to be specific about any concerns they may have, and to be objective in their treatment from issuer to issuer. Additionally, the process we are proposing ensures that authorities and the stablecoin issuer can come to a quantitatively based understanding about the potential risks. The main contributions we make are to separate stablecoins arrangements into three activity-based components and to apply an operational risk management approach to quantifying risks of stablecoins"--Abstract, page ii.
650 0|aDigital currency.
650 0|aMonetary policy.
650 0|aRisk assessment.
650 6|aMonnaie électronique.
650 6|aPolitique monétaire.
650 6|aÉvaluation du risque.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2021-6.|w(CaOODSP)9.806273
85640|qPDF|s502 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-6-2021-6-eng.pdf