Mohammad Davoodalhosseini

Senior Economist

Mohammad Davoodalhosseini is a Senior Economist in the Funds Management and Banking Department. His main research interests are monetary economics and search theory. He is also interested in the role of private information in markets with search frictions, with applications to inter-bank, labor and over-the-counter (OTC) markets. He currently studies the effects of post-financial crisis regulations on various measures of liquidity in OTC markets. His research also concerns central bank digital currency (CBDC). He has studied welfare gains of introducing CBDC, and is interested in the channels through which introducing CBDC may affect banking system and financial stability. Mohammad received his PhD in Economics from the Pennsylvania State University in 2015.

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Mohammad Davoodalhosseini

Senior Economist
Funds Management and Banking
Research

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae

Latest

Central Bank Digital Currency and Monetary Policy

Staff Working Paper 2018-36 Mohammad Davoodalhosseini
Many central banks are contemplating whether to issue central bank digital currency. This piece explores the implications as well as potential motivators of such a step.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Digital Currencies, Monetary Policy JEL Code(s): E, E4, E42, E5, E50

A Policy Framework for E-Money: A Report on Bank of Canada Research

Staff Discussion Paper 2018-5 Mohammad Davoodalhosseini, Francisco Rivadeneyra
We present a policy framework for electronic money and payments. The framework poses a set of positive questions related to the areas of responsibility of central banks: payments systems, monetary policy and financial stability. The questions are posed to four broad forms of e-money: privately or publicly issued, and with centralized or decentralized verification of transactions. This framework is intended to help evaluate the trade-offs that central banks face in the decision to issue new forms of e-money.

Adverse Selection with Heterogeneously Informed Agents

Staff Working Paper 2018-7 Mohammad Davoodalhosseini
A model of over-the-counter markets is proposed. Some asset buyers are informed in that they can identify high quality assets. Heterogeneous sellers with private information choose what type of buyers they want to trade with.

Constrained Efficiency with Adverse Selection and Directed Search

Staff Working Paper 2017-15 Mohammad Davoodalhosseini
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment.

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Other

Working Papers

  • Adverse Selection with Heterogeneously Informed Agents (2017)
  • Central Bank Digital Currency and Monetary Policy (2017)
  • Directed Search with Complementarity and Adverse Selection (2015)

Education

  • Ph.D. in Economics, Pennsylvania State University, 2015.
  • M.Sc. in Economics, Sharif University of Technology, 2009.
  • B.Sc. in Electrical Engineering, Sharif University of Technology, 2007.

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