Website: bankofcanada.ca

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3 selected articles

Central Bank Digital Currency: Motivations and ...

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...

Bank of Canada: A Bitcoin Standard: Lessons from the Gold ...

This paper imagines a world in which countries are on the Bitcoin standard, a monetary system in which all media of exchange are Bitcoin or are backed by it. The paper explores the similarities and differences between the Bitcoin standard and the gold standard and describes the media of exchange that would exist under the Bitcoin standard. Because the Bitcoin standard...

Bank of Canada begins publishing new foreign exchange rate ...

The Bank of Canada today began publishing new data on the foreign exchange (FX) rate for 26 currencies, intended for statistical, analytical and informational purposes only. As previously announced , these new FX rates will be published once a day, by 16:30 Eastern time (ET), in the form of a single indicative rate per currency pair, which represents a daily average rate for that currency against...

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