The potential effect of a central bank digital currency on deposit funding in Canada
Xuezhi Liu and
No 2020-15, Staff Analytical Notes from Bank of Canada
A retail central bank digital currency denominated in Canadian dollars could, in theory, create competition for bank deposit funding. We look at the potential implications increased competition for deposit funding could have on income and liquidity for the six largest Canadian banks, using regulatory data from 2018 and 2019.
Keywords: Digital currencies and fintech; Financial institutions; Financial stability (search for similar items in EconPapers)
JEL-codes: E4 E41 E44 E5 G1 G10 G17 G2 G21 G3 G32 O (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mac, nep-mon and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
https://www.bankofcanada.ca/2020/07/staff-analytical-note-2020-15/ Abstract (text/html)
https://www.bankofcanada.ca/wp-content/uploads/2020/07/san2020-15.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:20-15
Access Statistics for this paper
More papers in Staff Analytical Notes from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().