000	02036cam  2200313zi 4500
001	9.895993
003	CaOODSP
005	20221107174205
006	m     o  d f
007	cr cn|||||||||
008	210201e20210128onca    ob   f000 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
086	1 |aFB3-5/2021-6E-PDF
100	1 |aKahn, Charles M., |eauthor.
245	10|aEggs in one basket : |bsecurity and convenience of digital currencies / |cby Charles M. Kahn, Francisco Rivadeneyra and Tsz-Nga Wong.
264	1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |cJanuary 28, 2021.
264	4|c©2021
300	|a1 online resource (ii, 45 pages) : |billustrations (some colour)
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-6
504	|aIncludes bibliographical references (pages 29-32).
520	3 |a"Digital currencies store balances in anonymous electronic addresses. We analyze the trade-offs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks. In our model, agents balance the risk of theft of a large account with the cost to safeguarding a large number of passwords for many small accounts. Account custodians (banks, wallets and other payment service providers) have different objectives and trade-offs along these dimensions; we analyze the welfare effects of differing industry structures and interdependencies. In particular, we examine, the consequences of “password aggregation" programs, which, in effect, consolidate risks across accounts"--Abstract, page ii.
650	0|aDigital currency.
650	6|aMonnaie électronique.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff working paper (Bank of Canada)|v2021-6.|w(CaOODSP)9.806221
856	40|qPDF|s835 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-6-eng.pdf