00000nam 2200000za 4500 9.848213 CaOODSP 20221107153624 cr ||||||||||| 171204s2017 oncd ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-6/2017-16E-PDF Engert, Walter. Central bank digital currency [electronic resource] : motivations and implications / by Walter Engert and Ben S.C. Fung. [Ottawa] : Bank of Canada, 2017. ii, 26 p. : col. charts Bank of Canada staff discussion paper, 1914-0568 ; 2017-16 "November 2017." Includes bibliographical references. "The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology have attracted significant attention. These developments have raised the possibility of considerable impacts on the financial system and perhaps the wider economy. This paper addresses the question of whether a central bank should issue digital currency that could be used by the general public. It begins by discussing the possible motivations for a central bank to issue a digital currency. The paper then sets out a benchmark central bank digital currency (CBDC) with features that are similar to cash. The implications of such a digital currency are explored, focusing on central bank seigniorage, monetary policy, the banking system and financial stability, and payments. Finally, a CBDC that differs from the benchmark digital currency in a significant way is considered"--Abstract, p. ii. Includes abstract in French. gccst Currency gccst Financial services gccst Monetary policy Fung, Ben S. C. Bank of Canada. Staff discussion paper (Bank of Canada) 2017-16 (CaOODSP)9.806273 PDF 637 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-6-2017-16-eng.pdf