Posts

• April 30, 2014

  Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce

  Opening Statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario

  Content Type(s): Press, Speeches
• April 30, 2014

  Bank of Canada announces appointment of Lynn Patterson as Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Lynn K. Patterson as Deputy Governor effective 5 May 2014.

  Content Type(s): Press, Press Releases
• 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.

  Content Type(s): Staff Research, Research Newsletter
• April 29, 2014

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening Statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Content Type(s): Press, Speeches
• 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.

  Content Type(s): Explainers Topic(s): Bank notes, Digital Currencies and Fintech
• 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.

  Content Type(s): Press, Market Notices

• E-Money: Efficiency, Stability and Optimal Policy

  Staff Working Paper 2014-16 Jonathan Chiu, Tsz-Nga Wong

  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?

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Bank notes, Digital Currencies and Fintech, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, L, L5, L51

• The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes

  Staff Working Paper 2014-15 Warren E. Weber

  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.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Bank notes, Digital Currencies and Fintech, Financial services JEL Code(s): E, E4, E41, E42, E5, E58

• Electronic Money and Payments: Recent Developments and Issues

  Staff Discussion Paper 2014-2 Ben Fung, Miguel Molico, Gerald Stuber

  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.

  Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Bank notes, Digital Currencies and Fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42
• 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.

  Content Type(s): Press, Market Notices