Charles M. Kahn - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:20:08+00:00Grasping De(centralized) Fi(nance) Through the Lens of Economic Theory
https://www.bankofcanada.ca/2022/10/staff-working-paper-2022-43/
We analyze the value proposition and limitations of decentralized finance (DeFi). Based on a distributed ledger and smart contracts, DeFi can guarantee the execution of financial contracts, potentially lowering the costs of intermediation and improving financial inclusion.2022-10-11T11:25:52+00:00enGrasping De(centralized) Fi(nance) Through the Lens of Economic Theory2022-10-11Digital currencies and fintechPayment clearing and settlement systemsStaff Working Paper 2022-43https://www.bankofcanada.ca/wp-content/uploads/2022/10/swp2022-43.pdfStaff Working Paper 2022-43Jonathan ChiuCharles M. KahnThorsten KoepplOctober 2022GG2Best Before? Expiring Central Bank Digital Currency and Loss Recovery
https://www.bankofcanada.ca/2021/12/staff-working-paper-2021-67/
We consider introducing an expiry date for offline digital currency balances. Consumers whose digital cash expired would automatically receive the funds back into their online account. This functionality could increase demand for digital cash, with the time to expiry playing a key role.2021-12-24T10:14:51+00:00enBest Before? Expiring Central Bank Digital Currency and Loss Recovery2021-12-24Digital currencies and fintechStaff Working Paper 2021-67https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-67.pdfStaff Working Paper 2021-67Charles M. KahnMaarten van OordtYu ZhuDecember 2021EE4E41E42Eggs in One Basket: Security and Convenience of Digital Currencies
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-6/
Digital currencies store balances in anonymous electronic addresses. This paper analyzes the trade-offs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks.2021-01-29T07:23:53+00:00enEggs in One Basket: Security and Convenience of Digital Currencies2021-01-29Central bank researchDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Working Paper 2021-6https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-6.pdfEggs in One Basket: Security and Convenience of Digital CurrenciesCharles M. KahnFrancisco RivadeneyraTsz-Nga WongJanuary 2021EE4E42E5E51E58Security and convenience of a central bank digital currency
https://www.bankofcanada.ca/2020/10/staff-analytical-note-2020-21/
An anonymous token-based central bank digital currency (CBDC) would pose certain security risks to users. These risks arise from how balances are aggregated, from their transactional use and from the competition between suppliers of aggregation solutions.2020-10-05T10:33:38+00:00enSecurity and convenience of a central bank digital currency2020-10-05Should the Central Bank Issue E-money?
https://www.bankofcanada.ca/2018/12/staff-working-paper-2018-58/
Should a central bank take over the provision of e-money, a circulable electronic liability? We discuss how e-money technology changes the tradeoff between public and private provision, and the tradeoff between e-money and a central bank's existing liabilities like bank notes and reserves.2018-12-13T09:55:56+00:00enShould the Central Bank Issue E-money?2018-12-13Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Working Paper 2018-58https://www.bankofcanada.ca/wp-content/uploads/2018/12/swp2018-58.pdfShould the Central Bank Issue E-money?Charles M. KahnFrancisco RivadeneyraTsz-Nga WongDecember 2018EE4E42E5E51E58