Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/200452 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Bank of Canada Staff Discussion Paper No. 2017-16
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology have attracted significant attention. These developments have raised the possibility of considerable impacts on the financial system and perhaps the wider economy. This paper addresses the question of whether a central bank should issue digital currency that could be used by the general public. It begins by discussing the possible motivations for a central bank to issue a digital currency. The paper then sets out a benchmark central bank digital currency (CBDC) with features that are similar to cash. The implications of such a digital currency are explored, focusing on central bank seigniorage, monetary policy, the banking system and financial stability, and payments. Finally, a CBDC that differs from the benchmark digital currency in a significant way is considered.
Schlagwörter: 
Bank notes
Digital currencies
Financial services
Payment clearing and settlement services
JEL: 
E
E4
E41
E42
E5
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper
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