000 02083nam  2200325za 4500
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008171204s2017    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-6/2017-16E-PDF
1001 |aEngert, Walter.
24510|aCentral bank digital currency |h[electronic resource] : |bmotivations and implications / |cby Walter Engert and Ben S.C. Fung.
260 |a[Ottawa] : |bBank of Canada, |c2017.
300 |aii, 26 p. : |bcol. charts
4901 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2017-16
500 |a"November 2017."
504 |aIncludes bibliographical references.
5203 |a"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.
546 |aIncludes abstract in French.
69207|2gccst|aCurrency
69207|2gccst|aFinancial services
69207|2gccst|aMonetary policy
7001 |aFung, Ben S. C.
7102 |aBank of Canada.
830#0|aStaff discussion paper (Bank of Canada)|v2017-16|w(CaOODSP)9.806273
85640|qPDF|s637 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-6-2017-16-eng.pdf