Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/200458
Authors: 
Davoodalhosseini, Mohammad
Rivadeneyra, Francisco
Year of Publication: 
2018
Series/Report no.: 
Bank of Canada Staff Discussion Paper 2018-5
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.
Subjects: 
Digital Currencies
Monetary Policy
Payment clearing and settlement systems
JEL: 
E41
E51
E52
E58
Document Type: 
Working Paper

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