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008240419t20242024xxc     ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aFB3-5/2024-9E-PDF
1001 |aCheng, Yuteng, |eauthor.
24510|aCBDC : |bbanking and anonymity / |cby Yuteng Cheng and Ryuichiro Izumi.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2024.
264 4|c©2024
300 |a1 online resource (ii, 43 pages).
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2024-9
500 |a"Last updated: March 22, 2024."
504 |aIncludes bibliographical references.
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.
650 0|aBanks and banking.
650 0|aPrivacy, Right of.
650 0|aDigital currency|xResearch.
650 6|aBanques.
650 6|aDroit à la vie privée.
650 6|aMonnaie électronique|xRecherche.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2024-9.|w(CaOODSP)9.806221
85640|qPDF|s721 KB|uhttps://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-9-eng.pdf