Arbeitspapier
Privacy as a public good: A case for electronic cash
Privacy is a feature inherent to the use of cash for payments. With steadily increasing market shares of commercial digital payments platforms, privacy in payments may no longer be attainable in the future. In this paper, we explore the potential welfare impact of reductions in privacy in payments in a dynamic framework. In our framework, firms may use data collected through payments to price discriminate among future customers. A public good aspect of privacy in payments arises because individual customers do not bear the full cost of failing to protect their privacy. As a consequence, they may suboptimally choose not to preserve their privacy in payments. When left to market forces alone, the use of privacy-preserving means of payments, such as cash, may decline faster than is optimal.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Staff Working Paper ; No. 2019-24
- Klassifikation
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
Digital currencies and fintech
Bank notes
Payment clearing and settlement systems
Central bank research
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Garratt, Rod
van Oordt, Maarten R. C.
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2019
- DOI
-
doi:10.34989/swp-2019-24
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Garratt, Rod
- van Oordt, Maarten R. C.
- Bank of Canada
Entstanden
- 2019
Ähnliche Objekte (12)
Dynamic privacy choices
Online privacy and information disclosure by consumers
Losing contact: The impact of contactless payments on cash usage
Understanding the cash demand puzzle
Risk Sharing in the Presence of a Public Good
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Impact of electronic trading platforms on the brokered interdealer market for Government of Canada benchmark bonds
Financial constraints and the cash-holding behaviour of Canadian firms
Why do shoppers use cash? Evidence from shopping diary data
Canadians' access to cash before and during the COVID-19 pandemic
Government of Canada securities in the cash, repo and securities lending markets
Good policies or good fortune: What drives the compression in emerging market spreads?
Dynamic privacy choices
Online privacy and information disclosure by consumers
Losing contact: The impact of contactless payments on cash usage
Understanding the cash demand puzzle
Risk Sharing in the Presence of a Public Good
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Impact of electronic trading platforms on the brokered interdealer market for Government of Canada benchmark bonds
Financial constraints and the cash-holding behaviour of Canadian firms
Why do shoppers use cash? Evidence from shopping diary data
Canadians' access to cash before and during the COVID-19 pandemic
Government of Canada securities in the cash, repo and securities lending markets
Good policies or good fortune: What drives the compression in emerging market spreads?
Dynamic privacy choices
Online privacy and information disclosure by consumers
Losing contact: The impact of contactless payments on cash usage
Understanding the cash demand puzzle
Risk Sharing in the Presence of a Public Good
Revisiting National Border Effects in Foreign Trade in Goods of Canadian Provinces
Impact of electronic trading platforms on the brokered interdealer market for Government of Canada benchmark bonds
Financial constraints and the cash-holding behaviour of Canadian firms
Why do shoppers use cash? Evidence from shopping diary data
Canadians' access to cash before and during the COVID-19 pandemic
Government of Canada securities in the cash, repo and securities lending markets