Publications, Staff research, Digital currencies and fintech - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T09:16:38+00:00Technology Approach for a CBDC
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-6/
In this note, we highlight a range of technical options and considerations in designing a contingent system for a central bank digital currency (CBDC) in Canada and explore how these options achieve stated public policy goals.2020-02-25T06:02:49+00:00enTechnology Approach for a CBDC2020-02-25CBDC and Monetary Sovereignty
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-5/
In an increasingly digitalized world, issuers of private digital currency can weaken central banks’ ability to stabilize the economy. By continuing to make central bank money attractive as a payment instrument in a digital world, a central bank digital currency (CDBC) could help to maintain a country’s monetary sovereignty.2020-02-25T06:01:31+00:00enCBDC and Monetary Sovereignty2020-02-25CBDC and Monetary Policy
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-4/
Improving the conduct of monetary policy is unlikely to be the main motivation for central banks to issue a central bank digital currency (CBDC). While some argue that a CBDC could allow more complex transfer schemes or the ability to break below the zero lower bound, we find these benefits might be small or difficult to realize in practice.2020-02-25T06:00:30+00:00enCBDC and Monetary Policy2020-02-25