A policy framework for e-money : a report on Bank of Canada Research

by Mohammad Davoodalhosseini and Francisco Rivadeneyra (Funds Management and Banking Department, Bank of Canada, Ottawa, Ontario, Canada)

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.

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Year of publication:	[2018]
Authors:	Davoodalhosseini, Seyed Mohammadreza ; Rivadeneyra, Francisco
Publisher:	[Ottawa, Ontario, Canada] : Bank of Canada
Subject:	Digital Currencies \| Monetary Policy \| Payment clearing and settlement systems \| Geldpolitik \| Monetary policy \| Kanada \| Canada \| Clearing \| Financial clearing \| Zentralbank \| Central bank \| Internationaler Zahlungsverkehr \| International payments \| Elektronisches Zahlungsmittel \| Electronic payment \| Virtuelle Währung \| Virtual currency \| Zahlungsverkehr \| Payment transactions