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

S. Mohammad R. Davoodalhosseini and Francisco Rivadeneyra

Discussion Papers from Bank of Canada

Abstract: 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.

Keywords: Digital currencies; Monetary policy; Payment clearing and settlement systems (search for similar items in EconPapers)
JEL-codes: E41 E51 E52 E58 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2018
New Economics Papers: this item is included in nep-mac, nep-mon and nep-pay
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:18-5

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