Bank of Canada draws digital currencies lessons from history
The Canadian Central Bank recently released a [staff working paper](http://www.bankofcanada.ca/wp-content/uploads/2017/02/swp2017-5.pdf) that examines the period in Canada when both private bank notes and government-issued notes (Dominion notes) were simultaneously in circulation. “Because both of these notes shared many of the characteristics of today's digital currencies,” the report states, “the experience with these notes can be used to draw lessons about how digital currencies might perform.”
Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies
This paper studies the period in Canada when both private bank notes and government issued notes (Dominion notes) were simultaneously in circulation. Because both of these notes shared many of the characteristics of today's digital currencies, the experience with these notes can be used to draw lessons about how digital currencies might perform. The paper begins with a brief historical review of how these notes came into existence and of the regulations regarding their issuance.
Bank of Canada – Innovation,Central-Bank Style Report
The Bank of Canada was itself an innovation when it was created during the Great Depression to support the economic and financial well-being of Canadians. Over the past 80 years, the Bank has done exactly that by carrying out four main lines of business.
