Financial services - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:09:22+00:00Consumer Interest Rates and Retail Mutual Fund Flows
https://www.bankofcanada.ca/2012/12/working-paper-2012-39/
This paper documents a link between the real and financial sides of the economy. We find that retail equity mutual fund flows in Canada are negatively related to current and past changes in a component of the prime and 5-year mortgage rates that is uncorrelated with government rates.2012-12-18T11:02:44+00:00enConsumer Interest Rates and Retail Mutual Fund Flows2012-12-18Financial servicesInterest ratesWorking Paper 2012-39https://www.bankofcanada.ca/wp-content/uploads/2012/12/wp2012-39.pdfConsumer Interest Rates and Retail Mutual Fund FlowsJesus SierraDecember 2012GG2G21G23Price Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage Market
https://www.bankofcanada.ca/2012/09/working-paper-2012-30/
This paper measures market power in a decentralized market where contracts are determined through a search and negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts, negotiable rates, and, for a given consumer, common lending costs across lenders.2012-09-28T09:20:40+00:00enPrice Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage Market2012-09-28Financial institutionsFinancial servicesMarket structure and pricingWorking Paper 2012-30https://www.bankofcanada.ca/wp-content/uploads/2012/09/wp2012-30.pdfPrice Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage MarketJason AllenRobert ClarkJean-François HoudeAugust 2012DD4GG2G21LL2L22The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results
https://www.bankofcanada.ca/2012/09/discussion-paper-2012-6/
The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population.2012-09-07T13:02:11+00:00enThe Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results2012-09-07Bank notesFinancial servicesPayment clearing and settlement systemsDiscussion Paper 2012-6https://www.bankofcanada.ca/wp-content/uploads/2012/09/dp2012-06.pdfThe Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key ResultsCarlos ArangoAngelika WelteSeptember 2012EE4Why Do Shoppers Use Cash? Evidence from Shopping Diary Data
https://www.bankofcanada.ca/2012/07/working-paper-2012-24/
Recent studies find that cash remains a dominant payment choice for small-value transactions despite the prevalence of alternative means of payment such as debit and credit cards. For policy makers an important question is whether consumers truly prefer using cash or merchants restrict card usage.2012-07-27T12:33:18+00:00enWhy Do Shoppers Use Cash? Evidence from Shopping Diary Data2012-07-27Bank notesEconometric and statistical methodsFinancial servicesWorking Paper 2012-24https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-24.pdfWhy Do Shoppers Use Cash? Evidence from Shopping Diary DataNaoki WakamoriAngelika WelteJuly 2012CC2DD1GG2Consumer Bankruptcy and Information
https://www.bankofcanada.ca/2012/07/working-paper-2012-18/
We analyze the relationship between the intensity of banks’ use of soft-information and household bankruptcy patterns. Using a unique data set on the universe of Canadian household bankruptcies, we document that bankruptcy rates are higher in markets where the collection of soft, or qualitative locally gathered information, is the weakest.2012-07-20T09:14:02+00:00frConsumer Bankruptcy and Information2012-07-20Financial institutionsFinancial servicesWorking Paper 2012-18https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-18.pdfConsumer Bankruptcy and InformationJason AllenH. Evren DamarDavid Martinez-MieraJuly 2012DD4GG2The 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 2012CC3C35C8C83EE4E41Risk Premium, Variance Premium and the Maturity Structure of Uncertainty
https://www.bankofcanada.ca/2012/04/working-paper-2012-11/
Expected returns vary when investors face time-varying investment opportunities. Long-run risk models (Bansal and Yaron 2004) and no-arbitrage affine models (Duffie, Pan, and Singleton 2000) emphasize sources of risk that are not observable to the econometrician.2012-04-03T14:43:45+00:00enRisk Premium, Variance Premium and the Maturity Structure of Uncertainty2012-04-03Asset pricingFinancial servicesWorking Paper 2012-11https://www.bankofcanada.ca/wp-content/uploads/2012/04/wp2012-11.pdfRisk Premium, Variance Premium and the Maturity Structure of UncertaintyBruno FeunouJean-Sébastien FontaineAbderrahim TaamoutiRoméo TedongapMarch 2012GG1G12G13Household Insolvency in Canada
https://www.bankofcanada.ca/wp-content/uploads/2012/02/boc-review-winter11-12-allen.pdf
With increasing levels of household debt in recent years, the number of households that may be vulnerable to a negative economic shock is rising as well. Decisions made by both the debtor and the creditor can contribute to insolvency. This article presents some stylized facts about insolvency in Canada’s household sector and analyzes the role of creditors in insolvencies. The average debt of an individual filing for bankruptcy is more than 1.5 times that of an average Canadian household; bankruptcy filers tend to be unemployed or in low-wage jobs, and are typically renters. The article reports that banks that approve more loans per branch, which is interpreted as less-intensive use of soft information (such as the loan officer’s assessment of the applicant’s character), experience more client bankruptcies. This finding has important policy implications, because financial institutions that do not use soft information risk further deterioration in their lending portfolios.2012-02-23T10:00:21+00:00enHousehold Insolvency in Canada2012-02-23Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey
https://www.bankofcanada.ca/2012/02/discussion-paper-2012-2/
The authors present key insights from the Bank of Canada’s 2009 Methods-of-Payment survey. In the survey, about 6,800 participants completed a questionnaire with detailed information regarding their personal finances, as well as their use and perceptions of different payment methods.2012-02-17T14:21:53+00:00enWhy Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey2012-02-17Bank notesFinancial servicesDiscussion Paper 2012-2https://www.bankofcanada.ca/wp-content/uploads/2012/02/dp2012-02.pdfWhy Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment SurveyCarlos ArangoDylan HoggAlyssa LeeFebruary 2012DD1D12EE4E41LL8L81Price Competition and Concentration in Search and Negotiation Markets: Evidence from Mortgage Lending
https://www.bankofcanada.ca/2012/02/working-paper-2012-4/
This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and negotiation process.2012-02-08T11:43:33+00:00enPrice Competition and Concentration in Search and Negotiation Markets: Evidence from Mortgage Lending2012-02-08Financial institutionsFinancial servicesInterest ratesWorking Paper 2012-4https://www.bankofcanada.ca/wp-content/uploads/2012/02/wp2012-04.pdfPrice Competition and Concentration in Search and Negotiation Markets: Evidence from Mortgage LendingJason AllenRobert ClarkJean-François HoudeFebruary 2012GG2LL1