The Role of Public Money in the Digital Age

Francisco Rivadeneyra, Scott Hendry and Alejandro Garcia

No 2024-11, Discussion Papers from Bank of Canada

Abstract: A well-functioning monetary system is characterized by public and private forms of money that exchange at par as value flows freely between them. A relevant retail public money—whether in the form of cash, a central bank digital currency or both—is a necessary component of such a monetary system.

Keywords: Central bank research; Digital currencies and fintech; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: E4 E42 E5 E50 E58 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2024-07
New Economics Papers: this item is included in nep-cba, nep-his, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:24-11

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