Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:44:51+00:00Cashless Bank Branches in Canada
https://www.bankofcanada.ca/2019/10/staff-analytical-note-2019-29/
Cashless or tellerless bank branches have proliferated in several countries in recent years. In a cashless bank branch, teller or counter services such as cash withdrawals, deposits and cheque-cashing are not available.2019-10-31T11:26:49+00:00enCashless Bank Branches in Canada2019-10-31Borrowing Costs for Government of Canada Treasury Bills
https://www.bankofcanada.ca/2019/10/staff-analytical-note-2019-28/
The cost of borrowing Government of Canada treasury bills (t-bills) in the repurchase (repo) market is mainly explained by the relationship between the parties involved. Some pairs of parties conduct most of their repos for t-bills rather than bonds, and at relatively high borrowing costs. We speculate that these pairs have formed a mutually beneficial service relationship in which one party consistently receives t-bills, while the other receives cash at a relatively cheap rate.2019-10-07T13:42:14+00:00enBorrowing Costs for Government of Canada Treasury Bills2019-10-07A Macroprudential Theory of Foreign Reserve Accumulation
https://www.bankofcanada.ca/2019/10/staff-working-paper-2019-43/
This paper proposes a theory of foreign reserves as macroprudential policy. We study an open-economy model of financial crises in which pecuniary externalities lead to overborrowing, and show that by accumulating international reserves, the government can achieve the constrained-efficient allocation.2019-10-03T11:50:21+00:00enA Macroprudential Theory of Foreign Reserve Accumulation2019-10-03Balance of payments and componentsFinancial stabilityFinancial system regulation and policiesForeign reserves managementInternational financial marketsStaff Working Paper 2019-43https://www.bankofcanada.ca/wp-content/uploads/2019/10/swp2019-43.pdfA Macroprudential Theory of Foreign Reserve AccumulationFernando ArceJulien BenguiJavier BianchiOctober 2019DD5D52D6D62FF3F34Amazon Effects in Canadian Online Retail Firm-Product-Level Data
https://www.bankofcanada.ca/2019/10/staff-working-paper-2019-42/
I use firm-product-level data for Canadian online retailers to study how product scope (the average number of product categories per firm) evolved from 1999 to 2012. During this period, product scope dropped monotonically from 59 to 5 product categories.2019-10-02T14:34:41+00:00enAmazon Effects in Canadian Online Retail Firm-Product-Level Data2019-10-02Firm dynamicsService sectorStaff Working Paper 2019-42https://www.bankofcanada.ca/wp-content/uploads/2019/10/swp2019-42.pdfAmazon Effects in Canadian Online Retail Firm-Product-Level DataAlex ChernoffOctober 2019DD2D22LL1L11L8L81Trade Flows and Exchange Rates: Importers, Exporters and Products
https://www.bankofcanada.ca/2019/10/staff-working-paper-2019-41/
Using highly disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving aggregate trade flows.2019-10-01T09:41:39+00:00enTrade Flows and Exchange Rates: Importers, Exporters and Products2019-10-01Exchange ratesFirm dynamicsInternational topicsStaff Working Paper 2019-41https://www.bankofcanada.ca/wp-content/uploads/2019/10/swp2019-41.pdfTrade Flows and Exchange Rates: Importers, Exporters and ProductsMichael DevereuxWei DongBen TomlinOctober 2019FF1F4