Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central BanksWe investigate the risks and opportunities to the mandates of central banks arising from fintech developments.
We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method.
July 6, 2017
In an opinion piece published in Global Public Investor 2017 by the Official Monetary and Financial Institutions Forum, Senior Deputy Governor Carolyn A. Wilkins discusses how the Bank of Canada is approaching digital currencies from three angles: research, experimentation and co-operation.