| 000 | 00000nam 2200000zi 4500 |
| 001 | 9.933707 |
|---|
| 003 | CaOODSP |
|---|
| 005 | 20240209103805 |
|---|
| 006 | m o d f |
|---|
| 007 | cr mn||||||||| |
|---|
| 008 | 240209t20242024onca ob f000 0 eng d |
|---|
| 040 | |aCaOODSP|beng|erda|cCaOODSP |
|---|
| 041 | 0 |aeng|beng|bfre |
|---|
| 043 | |an-us--- |
|---|
| 086 | 1 |aFB3-5/2024-4E-PDF |
|---|
| 100 | 1 |aLi, Jiaqi |c(Economist)|eauthor. |
|---|
| 245 | 10|aCentral bank digital currency and banking choices / |cby Jiaqi Li, Andrew Usher and Yu Zhu. |
|---|
| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
|---|
| 264 | 4|c©2024 |
|---|
| 300 | |a1 online resource (ii, 60 pages) : |billustrations (some colour). |
|---|
| 336 | |atext|btxt|2rdacontent |
|---|
| 337 | |acomputer|bc|2rdamedia |
|---|
| 338 | |aonline resource|bcr|2rdacarrier |
|---|
| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-4 |
|---|
| 500 | |aISSN assigned to different series. |
|---|
| 500 | |a"Last updated: February 8, 2024." |
|---|
| 504 | |aIncludes bibliographical references. |
|---|
| 520 | 3 |a"To what extent does a central bank digital currency (CBDC) compete with bank deposits? To answer this question, we develop and estimate a structural model where each household chooses which financial institution to deposit their digital money with. Households value the interest paid on digital money, the possibility of obtaining complementary financial products, and the access to in-branch services. A non-interest-bearing CBDC that does not provide complementary financial products can substantially crowd out bank deposits only if it provides an extensive service network. Imposing a large limit on CBDC holding would effectively mitigate this crowding out"--Abstract, page ii. |
|---|
| 546 | |aIncludes abstracts in English and French. |
|---|
| 650 | 0|aDigital currency|xEconometric models. |
|---|
| 650 | 0|aBank deposits|xEconometric models. |
|---|
| 650 | 0|aBanks and banking|xEconometric models. |
|---|
| 650 | 6|aMonnaie électronique|xModèles économétriques. |
|---|
| 650 | 6|aDépôts bancaires|xModèles économétriques. |
|---|
| 650 | 6|aServices bancaires|xModèles économétriques. |
|---|
| 710 | 2 |aBank of Canada, |eissuing body. |
|---|
| 830 | #0|aStaff working paper (Bank of Canada)|v2024-4.|w(CaOODSP)9.806221 |
|---|
| 856 | 40|qPDF|s1.10 MB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-4-eng.pdf |
|---|