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| 02146nam 2200385zi 4500 |
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| 001 | 9.937196 |
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| 003 | CaOODSP |
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| 005 | 20240419141749 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 240419t20242024xxc ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2024-9E-PDF |
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| 100 | 1 |aCheng, Yuteng, |eauthor. |
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| 245 | 10|aCBDC : |bbanking and anonymity / |cby Yuteng Cheng and Ryuichiro Izumi. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024. |
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| 264 | 4|c©2024 |
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| 300 | |a1 online resource (ii, 43 pages). |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-9 |
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| 500 | |a"Last updated: March 22, 2024." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"We examine the optimal amount of user anonymity in a central bank digital currency (CBDC) in the context of bank lending. Anonymity, defined as the lender’s inability to discern an entrepreneur’s actions that enable fund diversion, influences the choice of payment instrument due to its impact on a bank’s lending decisions. We show that moderate anonymity in CBDC leads to an inefficient pooling equilibrium. To avoid this, CBDC anonymity should be either low, reducing attractiveness, or high, discouraging bank lending. Specifically, the anonymity should be high when CBDC significantly benefits sales, and low otherwise. However, competition between deposits and CBDC may hinder the implementation of low anonymity"--Abstract, page ii. |
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| 650 | 0|aBanks and banking. |
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| 650 | 0|aPrivacy, Right of. |
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| 650 | 0|aDigital currency|xResearch. |
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| 650 | 6|aBanques. |
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| 650 | 6|aDroit à la vie privée. |
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| 650 | 6|aMonnaie électronique|xRecherche. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2024-9.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s721 KB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-9-eng.pdf |
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