00000nam 2200000zi 4500 9.937196 CaOODSP 20240419141749 m o d f cr |n||||||||| 240419t20242024xxc ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2024-9E-PDF Cheng, Yuteng, author. CBDC : banking and anonymity / by Yuteng Cheng and Ryuichiro Izumi. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 43 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-9 "Last updated: March 22, 2024." Includes bibliographical references. "We examine the optimal amount of user anonymity in a central bank digital currency (CBDC) in the context of bank lending. Anonymity, defined as the lender’s inability to discern an entrepreneur’s actions that enable fund diversion, influences the choice of payment instrument due to its impact on a bank’s lending decisions. We show that moderate anonymity in CBDC leads to an inefficient pooling equilibrium. To avoid this, CBDC anonymity should be either low, reducing attractiveness, or high, discouraging bank lending. Specifically, the anonymity should be high when CBDC significantly benefits sales, and low otherwise. However, competition between deposits and CBDC may hinder the implementation of low anonymity"--Abstract, page ii. Banks and banking. Privacy, Right of. Digital currency Research. Banques. Droit à la vie privée. Monnaie électronique Recherche. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-9. (CaOODSP)9.806221 PDF 721 KB https://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-9-eng.pdf