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| 02010cam 2200337za 4500 |
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| 001 | 9.867619 |
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| 003 | CaOODSP |
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| 005 | 20221107162349 |
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| 007 | cr ||||||||||| |
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| 008 | 190125s2018 onc #o f|0| 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2018-58E-PDF |
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| 100 | 1 |aKahn, Charles M. |
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| 245 | 10|aShould the central bank issue e-money? |h[electronic resource] / |cby Charles M. Kahn, Francisco Rivadeneyra and Tsz-Nga Wong. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2018. |
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| 300 | |aii, 27 p. |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2018-58 |
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| 500 | |a"December 2018." |
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| 504 | |aIncludes bibliographic references. |
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| 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. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aCentral banks |
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| 692 | 07|2gccst|aMonetary policy |
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| 692 | 07|2gccst|aElectronic commerce |
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| 700 | 1 |aRivadeneyra, Francisco. |
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| 700 | 1 |aWong, Tsz-Nga. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ;|v2018-58.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.08 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2018-58-eng.pdf |
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