Kim Huynh - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:57:56+00:00Unmet Payment Needs and a Central Bank Digital Currency
https://www.bankofcanada.ca/2023/08/staff-discussion-paper-2023-15/
We discuss the payment habits of Canadians both in the current payment environment and in a hypothetical cashless environment.2023-08-10T15:59:03+00:00enUnmet Payment Needs and a Central Bank Digital Currency2023-08-10Bank notesCentral bank researchDigital currencies and fintechFinancial servicesStaff Discussion Paper 2023-15https://www.bankofcanada.ca/wp-content/uploads/2023/08/sdp2023-15.pdfStaff Discussion Paper 2023-15Christopher HenryWalter EngertAlexandra Sutton-LalaniSebastian HernandezDarcey McVanelKim HuynhAugust 2023CC1C12C9EE4OO5O54We Didn’t Start the Fire: Effects of a Natural Disaster on Consumers’ Financial Distress
https://www.bankofcanada.ca/2023/02/staff-working-paper-2023-15/
We use detailed consumer credit data to investigate the impact of the 2016 Fort McMurray wildfire, the costliest wildfire disaster in Canadian history, on consumers’ financial stress. We focus on the arrears of insured mortgages because of their important implications for financial institutions and insurers’ business risk and relevant management practices.2023-02-28T14:59:47+00:00enWe Didn’t Start the Fire: Effects of a Natural Disaster on Consumers’ Financial Distress2023-02-28Climate changeCredit and credit aggregatesEconometric and statistical methodsFinancial stabilityStaff Working Paper 2023-15https://www.bankofcanada.ca/wp-content/uploads/2023/02/swp2023-15.pdfStaff Working Paper 2023-15Anson T. Y. HoKim HuynhDavid T. Jacho-ChávezGeneviève ValléeFebruary 2023CC2C21DD1D12GG2G21QQ5Q54Exporting and Investment Under Credit Constraints
https://www.bankofcanada.ca/2023/02/staff-working-paper-2023-10/
We examine the relationship between firms’ performance and credit constraints affecting export market entry. Using administrative Canadian firm-level data, our findings show that new exporters (a) increase their productivity, (b) raise their leverage ratio and (c) increase investment. We estimate that 48 percent of Canadian manufacturers face binding credit constraints when deciding whether to enter export markets.2023-02-10T14:26:13+00:00enExporting and Investment Under Credit Constraints2023-02-10Econometric and statistical methodsFirm dynamicsInternational topicsProductivityStaff Working Paper 2023-10https://www.bankofcanada.ca/wp-content/uploads/2023/02/swp2023-10.pdfExporting and Investment Under Credit ConstraintsKim HuynhRobert PetruniaJoel RodrigueWalter SteingressFebruary 2023FF1F10F14F3F36GG2G20G28G3G32Private Digital Cryptoassets as Investment? Bitcoin Ownership and Use in Canada, 2016-2021
https://www.bankofcanada.ca/2022/10/staff-working-paper-2022-44/
We report on the dynamics of Bitcoin awareness and ownership from 2016 to 2021, using the Bank of Canada's Bitcoin Omnibus Surveys (BTCOS). Our analysis also helps understand Bitcoin owners who adopted during the COVID-19 and how they differ from long-term owners. 2022-10-12T10:00:48+00:00enPrivate Digital Cryptoassets as Investment? Bitcoin Ownership and Use in Canada, 2016-20212022-10-12Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Working Paper 2022-44https://www.bankofcanada.ca/wp-content/uploads/2022/10/swp2022-44.pdfPrivate Digital Cryptoassests as Investment? Bitcoin Ownership and Use in Canada, 2016-2021Daniela BalutelWalter EngertChristopher HenryKim HuynhMarcel VoiaOctober 2022CC1C12EE4OO5O51Five things we learned about Canadian Bitcoin owners in 2021
https://www.bankofcanada.ca/2022/10/five-things-we-learned-about-canadian-bitcoin-owners-in-2021/
We present key findings from the 2021 Bitcoin Omnibus Survey on Canadians’ awareness and ownership of Bitcoin. Most Canadians have heard of Bitcoin, which remains primarily used as an investment. Ownership jumped in 2021, reflecting increased savings during the pandemic and greater availability of user-friendly platforms to buy Bitcoin.2022-10-12T10:00:44+00:00enFive things we learned about Canadian Bitcoin owners in 20212022-10-12Cash, COVID-19 and the Prospects for a Canadian Digital Dollar
https://www.bankofcanada.ca/2022/08/staff-discussion-paper-2022-17/
We provide an analysis of cash trends in Canada before and during the COVID-19 pandemic. We also consider the potential two scenarios for issuance of a central bank digital currency in Canada: the emergence of a cashless society or the widespread use of an alternative digital currency in Canada. Finally, we discuss the Canadian experience in maintaining cash as an efficient and accessible method of payment and store of value.2022-08-26T09:20:22+00:00enCash, COVID-19 and the Prospects for a Canadian Digital Dollar2022-08-26Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2022-17https://www.bankofcanada.ca/wp-content/uploads/2022/08/sdp2022-17.pdfStaff Discussion Paper 2022-17Walter EngertKim HuynhAugust 2022CC1C12C9EE4OO5O54Cash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin Owners
https://www.bankofcanada.ca/2022/06/staff-working-paper-2022-26/
We estimate the effect that owning Bitcoin has on the amount of cash held by Canadian consumers. Our results question the view that adopting certain new technologies, such as Bitcoin, leads to a decline in cash holdings.2022-06-15T12:53:17+00:00enCash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin Owners2022-06-15Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Working Paper 2022-26https://www.bankofcanada.ca/wp-content/uploads/2022/06/swp2022-26.pdfCash in the Pocket, Cash in the Cloud: Cash Holdings of Bitcoin OwnersDaniela BalutelChristopher HenryKim HuynhMarcel VoiaJune 2022CC1C12EE4OO3O33O5O51Identifying Financially Remote First Nations Reserves
https://www.bankofcanada.ca/2022/05/staff-discussion-paper-2022-11/
Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an automated banking machine (ABM) or financial institution (FI) branch and more than half are within 5 km.2022-05-03T13:16:11+00:00enIdentifying Financially Remote First Nations Reserves2022-05-03Bank notesDigital currencies and fintechFinancial institutionsFinancial servicesPayment clearing and settlement systemsStaff Discussion Paper 2022-11https://www.bankofcanada.ca/wp-content/uploads/2022/05/sdp2022-11.pdfIdentifying Financially Remote First Nations ReservesHeng ChenWalter EngertKim HuynhDaneal O’HabibMay 2022EE4E41E42E5GG2G21Cash and COVID-19: What happened in 2021
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-8/
Using data from the Bank Note Distribution System and consumer surveys, we find that bank notes in circulation remained high through 2021. Canadians continued to rely on electronic methods of payment, but a significant share also continued using cash for payments.2022-04-14T12:24:16+00:00enCash and COVID-19: What happened in 20212022-04-14Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2022-8https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-8.pdfCash and COVID-19: What happened in 2021Heng ChenWalter EngertKim HuynhDaneal O’HabibJoy WuJulia ZhuApril 2022CC1C12C9EE4OO5O54Equilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee
https://www.bankofcanada.ca/2022/03/staff-working-paper-2022-15/
We construct and estimate a structural two-stage model of equilibrium in a market for payments in order to quantify the network externalities and identify the main determinants of consumer and merchant decisions.2022-03-22T08:54:14+00:00enEquilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee2022-03-22Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2022-15https://www.bankofcanada.ca/wp-content/uploads/2022/03/swp2022-15.pdfStaff Working Paper 2022-15Kim HuynhGradon NichollsOleksandr ShcherbakovMarch 2022CC5C51DD1D12EE4E42LL1L14