
Mohammad Davoodalhosseini
Director
- Ph.D. in Economics, Pennsylvania State University (2015)
- M.Sc. in Economics, Sharif University of Technology (2009)
- B.Sc. in Electrical Engineering, Sharif University of Technology (2007)
Bio
Mohammad Davoodalhosseini is the Director of the Research Team in the Banking and Payments (BAP) Department. He joined the Bank in 2015 as a Senior Economist after completing his Ph.D. in Economics at the Pennsylvania State University. Since then, he has held roles including Principal Researcher and Research Advisor in BAP.
His main research interests are monetary economics and search theory. In monetary economics, he studies emerging developments in electronic money and payments, particularly how the introduction of a Central Bank Digital Currency (CBDC) can impact the implementation and transmission of monetary policy, as well as the efficiency and stability of the financial system. Most recently, he explores how tokenization of assets can change the financial landscape. In search theory, he examines how information asymmetries and trading frictions shape market outcomes in various settings, including interbank, labor, and over-the-counter markets.
His work has been published in academic journals such as Journal of Political Economy, Journal of Economic Theory, Management Science, International Economic Review, and Journal of Economic Dynamics and Control.
Staff analytical notes
Staff discussion papers
Central Bank Digital Currencies and Banking: Literature Review and New Questions
A Policy Framework for E-Money: A Report on Bank of Canada Research
Staff working papers
Central Bank Digital Currency and Transmission of Monetary Policy
Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design
Safe Payments
Optimal Taxation in Asset Markets with Adverse Selection
Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment
Central Bank Digital Currency and Monetary Policy
Adverse Selection with Heterogeneously Informed Agents
Constrained Efficiency with Adverse Selection and Directed Search
Journal publications
Journal articles
- "Central Bank Digital Currency and Banking: Macroeconomic Benefits of a Cash-Like Design," Joint with Jonathan Chiu, Management Science, 2023.
- "Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment," Joint with Jonathan Chiu, Janet Hua Jiang and Yu Zhu, Journal of Political Economy, 2022.
- "Optimal Taxation in Asset Markets with Adverse Selection," European Economic Review, 2022.
- "Central Bank Digital Currency and Monetary Policy," Journal of Economic Dynamics and Control, 2021.
- "Adverse Selection with Heterogeneously Informed Agents," International Economic Review, 2020.
- "A Policy Framework For E-Money," Joint with Francisco Rivadeneyra, Canadian Public Policy, 2020.
- "Constrained Efficiency with Adverse Selection and Directed Search," Journal of Economic Theory, 2019.