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A Uniform Currency in a Cashless Economy

Author

Listed:
  • Walter Engert
  • Ben Fung

Abstract

A number of questions can arise when considering the implications of a cashless society. This note considers whether cash is necessary for a uniform currency.

Suggested Citation

  • Walter Engert & Ben Fung, 2020. "A Uniform Currency in a Cashless Economy," Staff Analytical Notes 2020-7, Bank of Canada.
    • Handle: RePEc:bca:bocsan:20-7
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    References listed on IDEAS

    as
    1. Warren E. Weber, 2014. "The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes," Staff Working Papers 14-15, Bank of Canada.
    2. Ben Fung & Scott Hendry & Warren E. Weber, 2017. "Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies," Staff Working Papers 17-5, Bank of Canada.
    3. Fred Daniel & Walter Engert & Dinah Maclean, 2005. "The Bank of Canada as Lender of Last Resort," Bank of Canada Review, Bank of Canada, vol. 2004(Winter), pages 3-16.
    4. Jonathan Chiu & Tsz-Nga Wong, 2015. "On the Essentiality of E-Money," Staff Working Papers 15-43, Bank of Canada.
    5. Warren E. Weber, 2015. "The efficiency of private e-money-like systems: the U.S. experience with national bank notes," FRB Atlanta CenFIS Working Paper 15-2, Federal Reserve Bank of Atlanta.
    6. Walter Engert & Toni Gravelle & Donna Howard, 2008. "The Implementation of Monetary Policy in Canada," Discussion Papers 08-9, Bank of Canada.
    7. Christopher Henry & Kim Huynh & Angelika Welte, 2018. "2017 Methods-of-Payment Survey Report," Discussion Papers 18-17, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Sergio Luis Náñez Alonso & Javier Jorge-Vazquez & Ricardo Francisco Reier Forradellas, 2020. "Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)," Sustainability, MDPI, vol. 12(18), pages 1-33, September.

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    More about this item

    Keywords

    Bank notes; Digital currencies and fintech; Financial services; Payment clearing and settlement systems;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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