James Chapman - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:04:44+00:00Central Bank Digital Currencies and Banking: Literature Review and New Questions
https://www.bankofcanada.ca/2023/02/staff-discussion-paper-2023-4/
We review the nascent but fast-growing literature on central bank digital currencies (CBDCs), focusing on their potential impacts on private banks. We evaluate these impacts in three areas of traditional banking: payments, lending and liquidity and maturity transformation. We also take a broader look at CBDCs and highlight two promising directions for future research.2023-02-10T07:41:01+00:00enCentral Bank Digital Currencies and Banking: Literature Review and New Questions2023-02-10Central bank researchDigital currencies and fintechFinancial institutionsFinancial stabilityStaff Discussion Paper 2023-4https://www.bankofcanada.ca/wp-content/uploads/2023/02/sdp2023-4.pdfCentral Bank Digital Currencies and Banking: Literature Review and New QuestionsJames ChapmanJonathan ChiuMohammad DavoodalhosseiniJanet Hua JiangFrancisco RivadeneyraYu ZhuFebruary 2023EE5E50E58GG0G00LL0L00Macroeconomic Predictions Using Payments Data and Machine Learning
https://www.bankofcanada.ca/2022/03/staff-working-paper-2022-10/
We demonstrate the usefulness of payment systems data and machine learning models for macroeconomic predictions and provide a set of econometric tools to overcome associated challenges.2022-03-04T11:15:37+00:00enMacroeconomic Predictions Using Payments Data and Machine Learning2022-03-04Business fluctuations and cyclesEconometric and statistical methodsPayment clearing and settlement systemsStaff Working Paper 2022-10https://www.bankofcanada.ca/wp-content/uploads/2022/03/swp2022-10.pdfMacroeconomic Predictions Using Payments Data and Machine LearningJames ChapmanAjit DesaiMarch 2022CC5C53C55EE3E37E4E42E5E52Using Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-19
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-2/
We use retail payment data in conjunction with machine learning techniques to predict the effects of COVID-19 on the Canadian economy in near-real time. Our model yields a significant increase in macroeconomic prediction accuracy over a linear benchmark model.2021-01-21T09:16:57+00:00enUsing Payments Data to Nowcast Macroeconomic Variables During the Onset of COVID-192021-01-21Econometric and statistical methodsPayment clearing and settlement systemsStaff Working Paper 2021-2https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-2.pdfStaff Working Paper 2021-2James ChapmanAjit DesaiJanuary 2021CC5C53C55EE3E37E4E42E5E52Crypto ‘Money’: Perspective of a Couple of Canadian Central Bankers
https://www.bankofcanada.ca/2019/02/staff-discussion-paper-2019-1/
The market for cryptoassets has exploded in size in the 10 years since bitcoin was launched. The technology underlying cryptoassets, blockchain, has also been held up as a technology that promises to transform entire industries.2019-02-06T15:55:52+00:00enCrypto ‘Money’: Perspective of a Couple of Canadian Central Bankers2019-02-06Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Discussion Paper 2019-1https://www.bankofcanada.ca/wp-content/uploads/2019/02/sdp2019-1.pdfCrypto ‘Money’: Perspective of a Couple of Canadian Central BankersJames ChapmanCarolyn A. WilkinsFebruary 2019EE4E41E42E5E51E58HH4PP4P43Should Bank Capital Regulation Be Risk Sensitive?
https://www.bankofcanada.ca/2018/09/staff-working-paper-2018-48/
We present a simple model to study the risk sensitivity of capital regulation. A banker funds investment with uninsured deposits and costly capital, where capital resolves a moral hazard problem in the banker’s choice of risk.2018-09-17T17:34:13+00:00enShould Bank Capital Regulation Be Risk Sensitive?2018-09-17Financial institutionsFinancial system regulation and policiesStaff Working Paper 2018-48https://www.bankofcanada.ca/wp-content/uploads/2018/09/swp2018-48.pdfShould Bank Capital Regulation Be Risk Sensitive?Toni AhnertJames ChapmanCarolyn A. WilkinsSeptember 2018GG2G21G28Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
https://www.bankofcanada.ca/wp-content/uploads/2017/05/fsr-june-2017-chapman.pdf
This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.2017-05-25T14:30:26+00:00enProject Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?2017-05-25Asset Encumbrance, Bank Funding and Financial Fragility
https://www.bankofcanada.ca/2016/04/staff-working-paper-2016-16/
In this piece we show that a limit on the level of asset encumbrance and minimum capital requirements are effective tools for minimizing the incentive for banks to take excessive risk.2016-04-14T11:10:57+00:00enAsset Encumbrance, Bank Funding and Financial Fragility2016-04-14Financial institutionsFinancial stabilityFinancial system regulation and policiesStaff Working Paper 2016-16https://www.bankofcanada.ca/wp-content/uploads/2016/04/swp2016-16.pdfAsset Encumbrance, Bank Funding and Financial FragilityKartik AnandPrasanna GaiJames ChapmanToni AhnertApril 2016DD8D82GG0G01G2G21G28Shock Transmission Through International Banks: Canada
https://www.bankofcanada.ca/2015/09/technical-report-105/
In this paper, we investigate how liquidity conditions in Canada may affect domestic and/or foreign lending of globally active banks and whether this transmission is influenced by individual bank characteristics.2015-09-21T15:27:08+00:00enShock Transmission Through International Banks: Canada2015-09-21Financial institutionsFinancial stabilityTechnical Report 105https://www.bankofcanada.ca/wp-content/uploads/2015/09/tr105.pdfShock Transmission Through International Banks: CanadaJames ChapmanH. Evren DamarSeptember 2015EE4E44FF3F36GG2G21G3G32Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework
https://www.bankofcanada.ca/2015/09/discussion-paper-2015-6/
The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association (CPA) is on a path to modernize Canada’s core payment systems.2015-09-16T15:39:11+00:00enPublic Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework2015-09-16Economic modelsFinancial servicesFinancial system regulation and policiesPayment clearing and settlement systemsDiscussion Paper 2015-6 https://www.bankofcanada.ca/wp-content/uploads/2015/09/dp2015-6.pdfPublic Policy Objectives and the Next Generation of CPA Systems: An Analytical FrameworkJames ChapmanJonathan ChiuSajjad JafriHéctor Pérez SaizSeptember 2015EE4E42LL1L14L15L5L52Conference Summary: Financial Intermediation and Vulnerabilities
https://www.bankofcanada.ca/wp-content/uploads/2013/02/boc-review-winter-12-13-allen.pdf
The Bank of Canada’s annual economic conference, held in October 2012, brought together experts from across Canada and around the world to discuss key issues concerning financial intermediation and vulnerabilities. The conference covered such topics as household finances and their relationship to financial stability, as well as bank regulation, securitization and shadow banking.2013-02-21T10:30:03+00:00enConference Summary: Financial Intermediation and Vulnerabilities2013-02-21