| 000 | 00000nam 2200000zi 4500 |
| 001 | 9.950030 |
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| 003 | CaOODSP |
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| 005 | 20250416082355 |
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| 006 | m o d f |
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| 007 | cr mn||||||||| |
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| 008 | 250411t20242024oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2024-35E-PDF |
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| 100 | 1 |aChiu, Jonathan, |eauthor. |
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| 245 | 10|aPublic and private money creation for distributed ledgers : |bstablecoins, tokenized deposits, or central bank digital currencies? / |cby Jonathan Chiu and Cyril Monnet. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
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| 264 | 4|c©2024 |
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| 300 | |a1 online resource (ii, 51 pages) : |bgraphs. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-35 |
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| 500 | |aISSN assigned to different series. |
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| 500 | |a"Last updated: October 8, 2024." |
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| 504 | |aIncludes bibliographical references (pages 22-24). |
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| 520 | 3 |a"This paper explores the implications of introducing digital public and private monies (e.g. tokenized central bank digital currency [CBDC] or tokenized deposits) for stablecoins and illicit crypto transactions. When they pay a high interest rate and guarantee a high degree of anonymity, these tokenized currencies crowd out stablecoins as payment methods in the crypto space. Conversely, with low anonymity and low interest rates, tokenized currencies become collateral, promoting the development of stablecoins. CBDCs dominate tokenized deposits because a central bank can better economize on scarce collateral assets and internalize the social costs of crypto activities. Prohibiting tokenized deposits may be necessary to implement the optimal CBDC design"--Abstract, page ii. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aDigital currency|zCanada. |
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| 650 | 0|aFintech. |
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| 650 | 0|aMonetary policy|xEconomic aspects|zCanada. |
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| 650 | 6|aMonnaie électronique|zCanada. |
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| 650 | 6|aTechnologie financière. |
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| 650 | 6|aPolitique monétaire|xAspect économique|zCanada. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2024-35.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s797 KB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2024-35-eng.pdf |
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