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On the programmability and uniformity of digital currencies / Jonathan Chiu, Cyril Monnet.: FB3-5/2025-18E-PDF

"Central bankers argue that programmable digital currencies may compromise the uniformity of money. We explore this in a stylized model where programmable money arises endogenously, and differently programmed monies have varying liquidity. Programmability provides private value by easing commitment frictions but imposes social costs under informational frictions"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.954487&sl=0

Publication information
Department/Agency
  • Bank of Canada, author.
TitleOn the programmability and uniformity of digital currencies / Jonathan Chiu, Cyril Monnet.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2025-18
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: June 26, 2025."
  • Includes bibliographical references (pages 43-44).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2025.
  • ©2025
Author / Contributor
  • Chiu, Jonathan, author.
Description1 online resource (ii, 44 pages) : illustrations, graphs.
Catalogue number
  • FB3-5/2025-18E-PDF
Subject terms
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