E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:20:37+00:00Central Bank Digital Currencies: A Framework for Assessing Why and How
https://www.bankofcanada.ca/2016/11/staff-discussion-paper-2016-22/
Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the economy, the financial system and central banks.2016-11-24T12:24:56+00:00enCentral Bank Digital Currencies: A Framework for Assessing Why and How2016-11-24Digital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Discussion Paper 2016-22https://www.bankofcanada.ca/wp-content/uploads/2016/11/sdp2016-22.pdfCentral Bank Digital Currencies: A Framework for Assessing Why and HowBen FungHanna HalaburdaNovember 2016EE4E41E42Market Operations and Liquidity Provision at the Bank of Canada
https://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-guzman.pdf
The Bank of Canada’s framework for market operations and liquidity provision describes how and when central bank liquidity might be offered with regards to the implementation of monetary policy and for supporting the stability of the Canadian financial system. Market participants can therefore plan their transactions knowing that the Bank stands ready to help manage system liquidity to support its objectives for monetary policy and financial stability.2016-11-17T12:01:23+00:00enMarket Operations and Liquidity Provision at the Bank of Canada2016-11-17Reinventing the Role of Central Banks in Financial Stability
https://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-lombardi.pdf
Central banks contribute importantly to the promotion of financial stability given their sys-tem-wide macro-financial perspective and existing roles as lender of last resort and overseer of systemic payment systems. Since the global financial crisis, the financial system role of central banks has expanded to place more emphasis on the prevention of financial stress and crises. Central banks work with other responsible authorities to enhance financial system resilience and to assess and mitigate financial vulnerabilities and systemic risk.2016-11-17T10:32:50+00:00enReinventing the Role of Central Banks in Financial Stability2016-11-17On the Value of Virtual Currencies
https://www.bankofcanada.ca/2016/08/staff-working-paper-2016-42/
This paper develops an economic framework to analyze the exchange rate of virtual currency. Three components are important: first, the current use of virtual currency to make payments; second, the decision of forward-looking investors to buy virtual currency (thereby effectively regulating its supply); and third, the elements that jointly drive future consumer adoption and merchant acceptance of virtual currency.2016-08-30T10:26:51+00:00enOn the Value of Virtual Currencies2016-08-30Asset pricingDigital currencies and fintechExchange ratesStaff Working Paper 2016-42https://www.bankofcanada.ca/wp-content/uploads/2016/08/swp2016-42.pdfOn the Value of Virtual CurrenciesWilko BoltMaarten van OordtAugust 2016EE4E42E5E51FF3F31GG1The Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open Economies
https://www.bankofcanada.ca/2016/08/staff-working-paper-2016-38/
This paper analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open economies such as Canada. The paper starts by summarizing recent work on financial cycles and their growing correlation across borders.2016-08-12T12:39:29+00:00enThe Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open Economies2016-08-12Financial stabilityHousingInternational financial marketsMonetary policy frameworkStaff Working Paper 2016-38https://www.bankofcanada.ca/wp-content/uploads/2016/08/swp2016-38.pdfThe Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open EconomiesGregory BauerGurnain PasrichaRodrigo SekkelYaz TerajimaAugust 2016EE4E42E43E44E5E52FF4F41Housing Market Dynamics and Macroprudential Policy
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-31/
We perform an analysis to determine how well the introduction of a countercyclical loanto- value (LTV) ratio can reduce household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation.2016-07-19T10:01:51+00:00enHousing Market Dynamics and Macroprudential Policy2016-07-19Business fluctuations and cyclesFinancial stabilityHousingMonetary policy frameworkMonetary policy transmissionStaff Working Paper 2016-31https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-31.pdfHousing Market Dynamics and Macroprudential PolicyGabriel BruneauIan ChristensenCésaire MehJuly 2016EE3E31E4E42HH2H23Clearing and Settlement Systems from Around the World: A Qualitative Analysis
https://www.bankofcanada.ca/2016/06/staff-discussion-paper-2016-14/
As Canada continues to engage in a dialogue to develop the approach to modernizing its core payment systems, we analyze the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions, encompassing a broad range of geographic regions, through three levels of analysis.2016-06-16T09:03:09+00:00enClearing and Settlement Systems from Around the World: A Qualitative Analysis2016-06-16Financial servicesFinancial system regulation and policiesPayment clearing and settlement systemsStaff Discussion Paper 2016-14https://www.bankofcanada.ca/wp-content/uploads/2016/06/sdp2016-14.pdfClearing and Settlement Systems from Around the World: A Qualitative AnalysisMichael TompkinsAriel OlivaresJune 2016EE4E42LL1L14L15L5L52A Bitcoin Standard: Lessons from the Gold Standard
https://www.bankofcanada.ca/2016/03/staff-working-paper-2016-14/
This paper imagines a world in which countries are on the Bitcoin standard, a monetary system in which all media of exchange are Bitcoin or are backed by it. The paper explores the similarities and differences between the Bitcoin standard and the gold standard and describes the media of exchange that would exist under the Bitcoin standard.2016-03-31T08:27:25+00:00enA Bitcoin Standard: Lessons from the Gold Standard2016-03-31Digital currencies and fintechExchange ratesFinancial servicesInflation and pricesStaff Working Paper 2016-14https://www.bankofcanada.ca/wp-content/uploads/2016/03/swp2016-14.pdfA Bitcoin Standard: Lessons from the Gold StandardWarren E. WeberMarch 2016EE4E41E42E5E58