E4 - Money and Interest Rates - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:49:00+00:00E-Money: Efficiency, Stability and Optimal Policy
https://www.bankofcanada.ca/2014/04/working-paper-2014-16/
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?2014-04-28T11:22:07+00:00enE-Money: Efficiency, Stability and Optimal Policy2014-04-28Bank notesDigital currencies and fintechPayment clearing and settlement systemsWorking Paper 2014-16https://www.bankofcanada.ca/wp-content/uploads/2014/04/wp2014-16.pdfE-Money: Efficiency, Stability and Optimal PolicyJonathan ChiuTsz-Nga WongApril 2014EE4E42E5E58LL5L51The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes
https://www.bankofcanada.ca/2014/04/working-paper-2014-15/
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.2014-04-28T11:21:27+00:00enThe Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes2014-04-28Bank notesDigital currencies and fintechFinancial servicesWorking Paper 2014-15https://www.bankofcanada.ca/wp-content/uploads/2014/04/wp2014-15.pdfThe Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank NotesWarren E. WeberApril 2014EE4E41E42E5E58Electronic Money and Payments: Recent Developments and Issues
https://www.bankofcanada.ca/2014/04/discussion-paper-2014-2/
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.2014-04-28T10:39:03+00:00enElectronic Money and Payments: Recent Developments and Issues2014-04-28Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsDiscussion Paper 2014-2 https://www.bankofcanada.ca/wp-content/uploads/2014/04/dp2014-2.pdfElectronic Money and Payments: Recent Developments and IssuesBen FungMiguel MolicoGerald StuberApril 2014EE4E41E42Bond Risk Premia and Gaussian Term Structure Models
https://www.bankofcanada.ca/2014/04/working-paper-2014-13/
Cochrane and Piazzesi (2005) show that (i) lagged forward rates improve the predictability of annual bond returns, adding to current forward rates, and that (ii) a Markovian model for monthly forward rates cannot generate the pattern of predictability in annual returns.2014-04-17T09:25:35+00:00enBond Risk Premia and Gaussian Term Structure Models2014-04-17Asset pricingInterest ratesWorking Paper 2014-13https://www.bankofcanada.ca/wp-content/uploads/2014/04/wp2014-13.pdfBond Risk Premia and Gaussian Term Structure ModelsBruno FeunouJean-Sébastien FontaineApril 2014EE4E43E47GG1G12