00000nam 2200000za 4500 9.858327 CaOODSP 20221107155953 cr ||||||||||| 180629s2018 oncad ob f000 0 eng d CaOODSP eng eng fre e-sw--- n-cn--- n-us--- FB3-5/2018-27E-PDF Fung, Ben S. C. Swedish Riksbank notes and Enskilda bank notes [electronic resource] : lessons for digital currencies / by Ben Fung, Scott Hendry and Warren E. Weber. [Ottawa] : Bank of Canada, 2018. iii, 40 p. : col. charts, col. ill. Bank of Canada staff working paper, 1701-9397 ; 2018-27 "June 2018." Includes bibliographical references. "This paper examines the experience of Sweden with government bank notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and it had government notes before private bank notes. Several differences between the experience of Sweden and that of Canada and the U.S. regarding the safety of their bank notes and the need for government intervention emerge. Using the experience of the three countries, the paper concludes that fiduciary digital currencies will likewise not be perfectly safe without government intervention. Further, the introduction of government digital currency will not drive out existing private digital currencies nor will it preclude private digital currencies from entering the market. Government intervention likely will be required for private and government digital currencies to be a uniform currency"--Abstract, p. ii. Includes abstract in French. Currency Sweden Electronic funds transfers Hendry, Scott. Weber, Warren E. Bank of Canada. Staff working paper (Bank of Canada) 1701-9397 ; 2018-27. (CaOODSP)9.806221 PDF 6.25 MB https://publications.gc.ca/collections/collection_2018/banque-bank-canada/FB3-5-2018-27-eng.pdf