000	00000nam 2200000za 4500
001	9.867619
003	CaOODSP
005	20221107162349
007	cr |||||||||||
008	190125s2018    onc    #o    f|0| 0 eng d
040	|aCaOODSP|beng
041	|aeng|bfre
043	|an-cn---
086	1 |aFB3-5/2018-58E-PDF
100	1 |aKahn, Charles M.
245	10|aShould the central bank issue e-money? |h[electronic resource] / |cby Charles M. Kahn, Francisco Rivadeneyra and Tsz-Nga Wong.
260	|a[Ottawa] : |bBank of Canada, |c2018.
300	|aii, 27 p.
490	1 |aBank of Canada staff working paper, |x1701-9397 ; |v2018-58
500	|a"December 2018."
504	|aIncludes bibliographic references.
520	|a"Should a central bank take over the provision of e-money, a circulable electronic liability? We discuss how e-money technology changes the tradeoff between public and private provision, and the tradeoff between e-money and a central bank's existing liabilities like bank notes and reserves. The tradeoffs depend on i) the technological setup of the e-money system (as a token or an account; centralized or decentralized); ii) the potential improvement in the implementation and transmission of monetary policy; iii) the risks to safety and privacy from cyber attacks; and iv) the uncertain impact on banks’ efficiency and financial stability. The most compelling argument for central banks to issue e-money is to address competition problems in the banking sector"--Abstract.
546	|aIncludes abstract in French.
692	07|2gccst|aCentral banks
692	07|2gccst|aMonetary policy
692	07|2gccst|aElectronic commerce
700	1 |aRivadeneyra, Francisco.
700	1 |aWong, Tsz-Nga.
710	2 |aBank of Canada.
830	#0|aStaff working paper (Bank of Canada)|x1701-9397 ;|v2018-58.|w(CaOODSP)9.806221
856	40|qPDF|s1.08 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2018-58-eng.pdf