00000nam 2200000zi 4500 9.954487 CaOODSP 20250829103336 m o d f cr mn||||||||| 250826e20250626oncad ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2025-18E-PDF Chiu, Jonathan, author. On the programmability and uniformity of digital currencies / Jonathan Chiu, Cyril Monnet. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (ii, 44 pages) : illustrations, graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2025-18 "Last updated: June 26, 2025." Includes bibliographical references (pages 43-44). "Central bankers argue that programmable digital currencies may compromise the uniformity of money. We explore this in a stylized model where programmable money arises endogenously, and differently programmed monies have varying liquidity. Programmability provides private value by easing commitment frictions but imposes social costs under informational frictions"--Abstract, page ii. Includes abstract in French. Digital currency Canada. Fintech. Monnaie électronique Canada. Technologie financière. Bank of Canada, author. Staff working paper (Bank of Canada) 2025-18. (CaOODSP)9.806221 PDF 966 KB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2025-18-eng.pdf HTML N/A https://www.bankofcanada.ca/2025/06/staff-working-paper-2025-18/