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Bank of Canada RSS Feedsen2024-03-28T16:36:56+00:00Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment
https://www.bankofcanada.ca/2019/05/staff-working-paper-2019-20/
We show that issuing a deposit-like central bank digital currency (CBDC) with a proper interest rate would encourage banks to pay higher interest to keep their customers. Banks would then attract more deposits and offer more loans. Hence, a CBDC would not necessarily crowd out private banking.2019-05-30T12:58:57+00:00enBank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment2019-05-30Digital currencies and fintechMarket structure and pricingMonetary policyMonetary policy frameworkStaff Working Paper 2019-20https://www.bankofcanada.ca/wp-content/uploads/2019/05/swp2019-20.pdfCentral Bank Digital Currency and BankingJonathan ChiuMohammad DavoodalhosseiniJanet Hua JiangYu ZhuMay 2019EE5E50E58