Central bank research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:15:34+00:00Competing Currencies in the Laboratory
https://www.bankofcanada.ca/2017/12/staff-working-paper-2017-53/
We investigate competition between two intrinsically worthless currencies as a result of decentralized interactions between human subjects. We design a laboratory experiment based on a simple two-country, two-currency search model to study factors that affect circulation patterns and equilibrium selection.2017-12-07T15:35:11+00:00enCompeting Currencies in the Laboratory2017-12-07Central bank researchDigital currencies and fintechStaff Working Paper 2017-53https://www.bankofcanada.ca/wp-content/uploads/2017/12/swp2017-53.pdfCompeting Currencies in the LaboratoryJanet Hua JiangCathy ZhangDecember 2017CC9C92DD8D83EE4E40Embracing Uncertainty in the Conduct of Monetary Policy
https://www.bankofcanada.ca/2017/11/embracing-uncertainty-conduct-monetary-policy/
Senior Deputy Governor Carolyn A. Wilkins explains how uncertainty is factored into monetary policy decisions.2017-11-15T18:45:01+00:00Embracing Uncertainty in the Conduct of Monetary Policy2017-11-15Carolyn A. WilkinsChanges in Monetary Regimes and the Identification of Monetary Policy Shocks: Narrative Evidence from Canada
https://www.bankofcanada.ca/2017/09/staff-working-paper-2017-39/
We use narrative evidence along with a novel database of real-time data and forecasts from the Bank of Canada's staff economic projections from 1974 to 2015 to construct a new measure of monetary policy shocks and estimate the effects of monetary policy in Canada.2017-09-25T15:54:42+00:00enChanges in Monetary Regimes and the Identification of Monetary Policy Shocks: Narrative Evidence from Canada2017-09-25Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsExchange rate regimesInflation and pricesInflation targetsInterest ratesMonetary policyMonetary policy frameworkStaff Working Paper 2017-39https://www.bankofcanada.ca/wp-content/uploads/2017/09/swp2017-39.pdfChanges in Monetary Regimes and the Identification of Monetary Policy Shocks: Narrative Evidence from CanadaJulien ChampagneRodrigo SekkelSeptember 2017EE3E31E32E4E43E5E52E58Bank of Canada Workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”
https://www.bankofcanada.ca/2017/09/monetary-policy-framework-issues-toward-the-2021-inflation-target-renewal/
Deputy Governor Lawrence Schembri opens the Bank’s Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal workshop.2017-09-14T08:45:13+00:00Bank of Canada Workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”2017-09-14Lawrence L. SchembriMonetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal
https://www.bankofcanada.ca/2017/09/monetary-policy-framework-issues-toward-the-2021-inflation-target-renewal-2/
Senior Deputy Governor Carolyn A. Wilkins reviews key themes discussed by participants at the workshop “Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal”.2017-09-14T06:00:45+00:00Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal2017-09-14Carolyn A. WilkinsHow to Predict Financial Stress? An Assessment of Markov Switching Models
https://www.bankofcanada.ca/2017/08/staff-working-paper-2017-32/
This paper predicts phases of the financial cycle by using a continuous financial stress measure in a Markov switching framework. The debt service ratio and property market variables signal a transition to a high financial stress regime, while economic sentiment indicators provide signals for a transition to a tranquil state.2017-08-04T12:08:21+00:00enHow to Predict Financial Stress? An Assessment of Markov Switching Models2017-08-04Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsFinancial marketsFinancial stabilityFinancial system regulation and policiesMonetary and financial indicatorsStaff Working Paper 2017-32https://www.bankofcanada.ca/wp-content/uploads/2017/08/swp2017-32.pdfHow to Predict Financial Stress? An Assessment of Markov Switching ModelsBenjamin KlausThibaut DupreyAugust 2017CC5C54GG0G01G1G15Fintech: 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 2017EE4E42GG1G2LL1Adoption of a New Payment Method: Theory and Experimental Evidence
https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-28/
We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method.2017-07-20T09:21:19+00:00enAdoption of a New Payment Method: Theory and Experimental Evidence2017-07-20Central bank researchDigital currencies and fintechStaff Working Paper 2017-28https://www.bankofcanada.ca/wp-content/uploads/2017/07/swp2017-28.pdfAdoption of a New Payment Method: Theory and Experimental EvidenceJasmina ArifovicJohn DuffyJanet Hua JiangJuly 2017CC3C35C8C83C9C92EE4E41The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling
https://www.bankofcanada.ca/2017/03/technical-report-108/
In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods.2017-03-31T06:01:21+00:00enThe Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling2017-03-31Central bank researchEconometric and statistical methodsTechnical report 108https://www.bankofcanada.ca/wp-content/uploads/2017/03/tr108.pdfThe Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: SamplingAngelika WelteMarch 2017CC8C81C83The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse
https://www.bankofcanada.ca/2017/03/technical-report-107/
Nonresponse is a considerable challenge in the Retailer Survey on the Cost of Payment Methods conducted by the Bank of Canada in 2015. There are two types of nonresponse in this survey: unit nonresponse, in which a business does not reply to the entire survey, and item nonresponse, in which a business does not respond to particular questions within the survey.2017-03-31T06:00:11+00:00enThe Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse2017-03-31Central bank researchTechnical report 107https://www.bankofcanada.ca/wp-content/uploads/2017/03/tr107.pdfThe Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: NonresponseStan HatkoMarch 2017CC8C81C83