Marie-Hélène Felt - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:28:15+00:00Canadians’ Access to Cash Before and During the COVID-19 Pandemic
https://www.bankofcanada.ca/2022/07/staff-discussion-paper-2022-15/
This paper studies Canadians’ access to cash using the geographical distribution of automated banking machines (ABMs). During the pandemic, there have been no sustained adverse effects on cash accessibility.2022-07-14T08:39:43+00:00enCanadians’ Access to Cash Before and During the COVID-19 Pandemic2022-07-14Financial servicesRegional economic developmentsStaff Discussion Paper 2022-15https://www.bankofcanada.ca/wp-content/uploads/2022/07/sdp2022-15.pdfStaff Discussion Paper 2022-15Heng ChenMarie-Hélène FeltJuly 2022JJ1J15OO1RR5R51Bitcoin Awareness, Ownership and Use: 2016–20
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-10/
In this paper, we examine trends in Canadian ownership of Bitcoin and other cryptocurrencies from 2016 to 2020 using data from surveys conducted by the Bank of Canada.2022-04-19T09:14:16+00:00enBitcoin Awareness, Ownership and Use: 2016–202022-04-19Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2022-10https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-10.pdfBitcoin Awareness, Ownership and Use: 2016–20Daniela BalutelMarie-Hélène FeltGradon NichollsMarcel VoiaApril 2022CC1C12EE4OO5O51Cash and COVID-19: The impact of the second wave in Canada
https://www.bankofcanada.ca/2021/07/staff-discussion-paper-2021-12/
The COVID-19 pandemic significantly increased the demand for cash. Cash in circulation increased sharply from March through December 2020, particularly in the early months of this period. Although use of electronic methods of payment also increased significantly, cash use for payments remains high for low-value transactions and among certain demographic groups.2021-07-23T15:11:14+00:00enCash and COVID-19: The impact of the second wave in Canada2021-07-23Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2021-12https://www.bankofcanada.ca/wp-content/uploads/2021/07/sdp2021-12.pdfStaff Discussion Paper 2021-12Heng ChenWalter EngertMarie-Hélène FeltKim HuynhGradon NichollsDaneal O’HabibJulia ZhuJuly 2021CC1C12C9EE4OO5O54Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States
https://www.bankofcanada.ca/2021/02/staff-working-paper-2021-8/
Although credit cards are more expensive for merchants to accept than cash or debit cards, merchants typically pass through their costs evenly to all customers. Along with consumer card rewards and banking fees, this creates cross-subsidies between payment methods. Because higher-income individuals tend to use credit cards more than those with lower incomes, our results indicate that these cross-subsidies might lead to regressive distributional effects.2021-02-05T10:29:38+00:00enDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States2021-02-05Bank notesFinancial institutionsFinancial servicesMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2021-8https://www.bankofcanada.ca/wp-content/uploads/2021/02/swp2021-8.pdfDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United StatesMarie-Hélène FeltFumiko HayashiJoanna StavinsAngelika WelteFebruary 2021DD1D12D2D23D3D31EE4E42GG2G21LL8L81Losing Contact: The Impact of Contactless Payments on Cash Usage
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-56/
Contactless payment cards are a competitive alternative to cash. Using Canadian panel data from 2010 to 2017, this study investigates whether contactless credit cards are an important contributor to the decline in the transactional use of cash. 2020-12-29T09:32:24+00:00enLosing Contact: The Impact of Contactless Payments on Cash Usage2020-12-29Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2020-56https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-56.pdfStaff Working Paper 2020-56Marie-Hélène FeltDecember 2020CC3C33DD1D12EE4E41Sample Calibration of the Online CFM Survey
https://www.bankofcanada.ca/2020/08/technical-report-118/
The Canadian Financial Monitor (CFM) survey uses non-probability sampling for data collection, so selection bias is likely. We outline methods for obtaining survey weights and discuss the conditions necessary for these weights to eliminate selection bias. We obtain calibration weights for the 2018 and 2019 online CFM samples.2020-08-12T08:56:17+00:00enSample Calibration of the Online CFM Survey2020-08-12Econometric and statistical methodsTechnical Report 2020-118https://www.bankofcanada.ca/wp-content/uploads/2020/08/tr118.pdfTechnical Report 2020-118Marie-Hélène FeltDavid LaferrièreAugust 2020CC8C81C832017 Methods-of-Payment Survey: Sample Calibration and Variance Estimation
https://www.bankofcanada.ca/2018/12/technical-report-114/
This technical report describes sampling, weighting and variance estimation for the Bank of Canada’s 2017 Methods-of-Payment Survey. Under quota sampling, a raking ratio method is implemented to generate weights with both post-stratification and nonparametric nonresponse weight adjustments.2018-12-14T09:59:55+00:00en2017 Methods-of-Payment Survey: Sample Calibration and Variance Estimation2018-12-14Econometric and statistical methodsTechnical Report 114https://www.bankofcanada.ca/wp-content/uploads/2018/12/tr114.pdfBond Funds and Fixed-Income Market Liquidity: A Stress-Testing ApproachHeng ChenMarie-Hélène FeltChristopher HenryDecember 2018CC8C81C83A Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint Distributions
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-29/
This paper proposes a method for estimating the joint distribution of two or more variables when only their marginal distributions and the distribution of their aggregates are observed. Nonparametric identification is achieved by modelling dependence using a latent common-factor structure.2018-07-04T10:50:38+00:00enA Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint Distributions2018-07-04Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Working Paper 2018-29https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-29.pdfA Look Inside the Box: Combining Aggregate and Marginal Distributions to Identify Joint DistributionsMarie-Hélène FeltJuly 2018CC1C14DD1D14EE4E41The Costs of Point-of-Sale Payments in Canada
https://www.bankofcanada.ca/2017/03/staff-discussion-paper-2017-4/
Using data from our 2014 cost-of-payments survey, we calculate resource costs for cash, debit cards and credit cards. For each payment method, we examine the total cost incurred by consumers, retailers, financial institutions and infrastructures, the Royal Canadian Mint and the Bank of Canada.2017-03-28T12:37:45+00:00enThe Costs of Point-of-Sale Payments in Canada2017-03-28Bank notesDigital currencies and fintechFinancial institutionsPayment clearing and settlement systemsStaff Discussion Paper 2017‐4https://www.bankofcanada.ca/wp-content/uploads/2017/03/sdp2017-4.pdfThe Costs of Point-of-Sale Payments in CanadaAnneke KosseHeng ChenMarie-Hélène FeltValéry Dongmo JiongoKerry NieldAngelika WelteMarch 2017DD1D12D2D23D24EE4E41E42GG2G21LL2Retail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples
https://www.bankofcanada.ca/2014/06/working-paper-2014-27/
We exploit the panel dimension of the Canadian Financial Monitor (CFM) data to estimate the impact of retail payment innovations on cash usage. We estimate a semiparametric panel data model that accounts for unobserved heterogeneity and allows for general forms of non-random attrition.2014-06-18T11:50:48+00:00enRetail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples2014-06-18Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesWorking Paper 2014-27https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-27.pdfRetail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment SamplesHeng ChenMarie-Hélène FeltKim HuynhJune 2014CC3C35EE4E41