Digital Currencies and Fintech: Research

Browse all research or check out these related conferences.

Understanding the benefits and risks of digital currencies and electronic payments is important because new technologies and new players could affect the financial system. This in turn could influence how we work to fulfill our core functions. For this reason, we closely monitor fintech developments.

The Bank is conducting research related to a central bank digital currency (CBDC). This is part of its contingency planning to be ready to issue a CBDC in the future if the need were to arise.

Research by Bank staff is produced independently from the Bank’s Governing Council. It may therefore differ from official Bank views. The views expressed in research papers are solely those of the authors. No responsibility for them should be attributed to the Bank.

 

 

Latest research

Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency

Using a two-stage model, we study the determinants of Canadian consumers’ choices of payment method at the point of sale. We estimate consumer preferences and adoption costs for various combinations of payment methods. We analyze how introducing a central bank digital currency would affect the market equilibrium.

A Uniform Currency in a Cashless Economy

Staff Analytical Note 2020-7 Walter Engert, Ben Fung
A number of questions can arise when considering the implications of a cashless society. This note considers whether cash is necessary for a uniform currency.

Technology Approach for a CBDC

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.

CBDC and Monetary Sovereignty

Staff Analytical Note 2020-5 Antonio Diez de los Rios, Yu Zhu
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.

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Latest conferences

November 29, 2019

6th Annual Payments Canada and Bank of Canada Joint Payments Research Symposium

Bank of Canada Conference to be held on November 29, 2019.
Content Type(s): Conference Topic(s): Digital Currencies and Fintech
October 24, 2018

Retail Payments Workshop: Theory and Empirics

Bank of Canada Conference held on October 24–25, 2018.
Content Type(s): Conference Topic(s): Digital Currencies and Fintech
November 19, 2015

Electronic Money and Payments

Bank of Canada Conference held on November 19–20, 2015.
Content Type(s): Conference Topic(s): Digital Currencies and Fintech
October 26, 2015

Payments System Modernization: Opportunities & Challenges

Bank of Canada Conference held on October 26, 2015.
Content Type(s): Conference Topic(s): Digital Currencies and Fintech

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