Posts
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April 30, 2014
Bank of Canada announces appointment of Lynn Patterson as Deputy Governor
The Board of Directors of the Bank of Canada today announced the appointment of Lynn K. Patterson as Deputy Governor effective 5 May 2014. -
April 29, 2014
Research Update - April 2014
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
April 29, 2014
Demand for Cash
A core function of the Bank of Canada is to design, produce and distribute banknotes. Over the last few decades, there has been a major shift away from paper-based payment instruments, such as banknotes and cheques, toward electronic means of payment, such as debit cards, credit cards and innovations such as e-money. -
April 28, 2014
Government of Canada issues its first ultra-long bond
Today, the Government of Canada announced that it successfully issued $1,500 million in 50-year bonds through the syndication process. -
E-Money: Efficiency, Stability and Optimal Policy
What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e-money system necessarily stable? What is the optimal way to design an efficient and stable e-money scheme? -
The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes
In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes. -
Electronic Money and Payments: Recent Developments and Issues
The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications. -
April 28, 2014
Government of Canada considering ultra-long bond issuance
As noted in the Debt Management Strategy for 2014-15, the Government of Canada has been engaged in the assessment of potential benefits of issuing bonds with a maturity of 50 years.