E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:28:33+00:00Central Bank Digital Currency: Motivations and Implications
https://www.bankofcanada.ca/2017/11/staff-discussion-paper-2017-16/
The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology have attracted significant attention. These developments have raised the possibility of considerable impacts on the financial system and perhaps the wider economy.2017-11-30T08:11:42+00:00enCentral Bank Digital Currency: Motivations and Implications2017-11-30Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Discussion Paper 2017-16https://www.bankofcanada.ca/wp-content/uploads/2017/11/sdp2017-16.pdfCentral Bank Digital Currency: Motivations and ImplicationsWalter EngertBen FungNovember 2017EE4E41E42E5Cash Versus Card: Payment Discontinuities and the Burden of Holding Coins
https://www.bankofcanada.ca/2017/11/staff-working-paper-2017-47/
Cash is the preferred method of payment for small value transactions generally less than $25. We provide insight to this finding with a new theoretical model that characterizes and compares consumers’ costs of paying with cash to paying with cards for each transaction.2017-11-20T10:06:01+00:00enCash Versus Card: Payment Discontinuities and the Burden of Holding Coins2017-11-20Bank notesEconometric and statistical methodsStaff Working Paper 2017-47https://www.bankofcanada.ca/wp-content/uploads/2017/11/swp2017-47.pdfCash Versus Card: Payment Discontinuities and the Burden of Holding CoinsHeng ChenKim HuynhOz ShyNovember 2017DD0D03EE4E42Acceptance and Use of Payments at the Point of Sale in Canada
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-fung.pdf
Merchants universally accept cash. Consumers widely hold cash but also carry debit and credit cards. The cost of using a method of payment has only a small influence on which method consumers use. Large merchants accept all payments, while only two-thirds of small and medium-sized businesses accept credit cards. Merchants report that credit cards are the costliest payment method compared with cash and debit cards. However, costs are not the only consideration. Merchant acceptance of credit accounts for the many con-sumers that want to use credit cards. This interaction between consumers and merchants is known as network externalities.2017-11-16T12:22:59+00:00enAcceptance and Use of Payments at the Point of Sale in Canada2017-11-16An Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-mcrae.pdf
The Bank of Canada made changes to several of the tools that make up its framework for operations and liquidity provision. These changes came about after a comprehensive re-view of the framework and are designed to help the Bank better achieve its objectives of reinforcing the target for the overnight rate and supporting the well-functioning of Cana-dian financial markets under normal market conditions.2017-11-16T11:21:22+00:00enAn Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations2017-11-16Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks
https://www.bankofcanada.ca/2017/07/staff-discussion-paper-2017-10/
We investigate the risks and opportunities to the mandates of central banks arising from fintech developments.2017-07-21T09:41:08+00:00enFintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks2017-07-21Central bank researchDigital currencies and fintechFinancial institutionsPayment clearing and settlement systemsStaff Discussion Paper 2017-10https://www.bankofcanada.ca/wp-content/uploads/2017/07/sdp2017-10.pdfFintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central BanksMeyer AaronFrancisco RivadeneyraSamantha SohalJuly 2017EE4E42GG1G2LL1Monetary Policy Implementation in a Negative Rate Environment
https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-25/
Monetary policy implementation could, in theory, be constrained by deeply negative rates since overnight market participants may have an incentive to invest in cash rather than lend to other participants.2017-07-13T11:10:32+00:00enMonetary Policy Implementation in a Negative Rate Environment2017-07-13Interest ratesMonetary policy frameworkMonetary policy implementationStaff Working Paper 2017-25https://www.bankofcanada.ca/wp-content/uploads/2017/07/swp2017-25.pdfMonetary Policy Implementation in a Negative Rate EnvironmentMichael BoutrosJonathan WitmerJuly 2017EE4E40E42E43GG0Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
https://www.bankofcanada.ca/wp-content/uploads/2017/05/fsr-june-2017-chapman.pdf
This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.2017-05-25T14:30:26+00:00enProject Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?2017-05-25The Costs of Point-of-Sale Payments in Canada
https://www.bankofcanada.ca/2017/03/staff-discussion-paper-2017-4/
Using data from our 2014 cost-of-payments survey, we calculate resource costs for cash, debit cards and credit cards. For each payment method, we examine the total cost incurred by consumers, retailers, financial institutions and infrastructures, the Royal Canadian Mint and the Bank of Canada.2017-03-28T12:37:45+00:00enThe Costs of Point-of-Sale Payments in Canada2017-03-28Bank notesDigital currencies and fintechFinancial institutionsPayment clearing and settlement systemsStaff Discussion Paper 2017‐4https://www.bankofcanada.ca/wp-content/uploads/2017/03/sdp2017-4.pdfThe Costs of Point-of-Sale Payments in CanadaAnneke KosseHeng ChenMarie-Hélène FeltValéry Dongmo JiongoKerry NieldAngelika WelteMarch 2017DD1D12D2D23D24EE4E41E42GG2G21LL2Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies
https://www.bankofcanada.ca/2017/02/staff-working-paper-2017-5/
This paper studies the period in Canada when both private bank notes and government-issued notes (Dominion notes) were simultaneously in circulation. Because both of these notes shared many of the characteristics of today's digital currencies, the experience with these notes can be used to draw lessons about how digital currencies might perform.2017-02-15T13:44:34+00:00enCanadian Bank Notes and Dominion Notes: Lessons for Digital Currencies2017-02-15Bank notesDigital currencies and fintechFinancial servicesStaff Working Paper 2017-5https://www.bankofcanada.ca/wp-content/uploads/2017/02/swp2017-5.pdfCanadian Bank Notes and Dominion Notes: Lessons for Digital CurrenciesBen FungScott HendryWarren E. WeberFebruary 2017EE4E41E42E5E58