Ben Fung - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T15:17:10+00:00The Changing Landscape for Retail Payments in Canada and the Implications for the Demand for Cash
https://www.bankofcanada.ca/wp-content/uploads/2012/11/boc-review-autumn12-arango.pdf
Over the past 20 years, there has been a major shift away from the use of paper-based retail payment instruments, such as cash and cheques, toward electronic means of payment, such as debit cards and credit cards. Recent Bank of Canada research on consumers’ choice of payment instruments indicates that cash is frequently used for transactions with low values because of its speed, ease of use and wide acceptance, while debit and credit cards are more commonly used for transactions with higher values because of perceived attributes such as safety and record keeping. While innovations in retail payments currently being introduced into the Canadian marketplace could lead to a further reduction in the use of cash over the longer term, the implications for the use of cash of some of the structural and regulatory developments under way are less clear.2012-11-15T07:40:57+00:00enThe Changing Landscape for Retail Payments in Canada and the Implications for the Demand for Cash2012-11-15Conference Summary: New Developments in Payments and Settlement
https://www.bankofcanada.ca/wp-content/uploads/2012/05/boc-review-spring12-fung.pdf
The Bank of Canada’s annual conference, held in November 2011, brought together leading researchers from universities, central banks and other institutions from around the world. Divided into four sessions plus two keynote addresses, the conference covered such topics as the use of cash and other means of payment in retail transactions, large-value payments systems, and […]2012-05-17T10:20:34+00:00enConference Summary: New Developments in Payments and Settlement2012-05-17The Impact of Retail Payment Innovations on Cash Usage
https://www.bankofcanada.ca/2012/05/working-paper-2012-14/
Many predict that innovations in retail payment may render cash obsolete. We investigate this possibility in the context of recent payment innovations such as contactless-credit and stored-value cards.2012-05-14T08:09:27+00:00enThe Impact of Retail Payment Innovations on Cash Usage2012-05-14Econometric and statistical methodsFinancial servicesPayment clearing and settlement systemsWorking Paper 2012-14https://www.bankofcanada.ca/wp-content/uploads/2012/05/wp2012-14_revised.pdfThe Impact of Retail Payment Innovations on Cash UsageBen FungKim HuynhLeonard SabettiMay 2012CC3C35C8C83EE4E41