L - Industrial Organization - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T04:47:12+00:00Technology Adoption in Input-Output Networks
https://www.bankofcanada.ca/2019/12/staff-working-paper-2019-51/
We study how input-output networks affect the speed of technology adoption. In particular, we model the decision to adopt the programming language Python 3 by software packages. Python 3 provides advanced features but is not backward compatible with Python 2, which implies it comes with adoption costs.2019-12-23T15:39:25+00:00enTechnology Adoption in Input-Output Networks2019-12-23Economic modelsFirm dynamicsProductivityStaff Working Paper 2019-51https://www.bankofcanada.ca/wp-content/uploads/2019/12/swp2019-51.pdfTechnology Adoption in Input-Output NetworksXintong HanLei XuDecember 2019CC6C61LL2L23L8L86OO1O14O3O332018 Merchant Acceptance Survey
https://www.bankofcanada.ca/2019/12/staff-analytical-note-2019-31/
In 2015, the Bank of Canada surveyed merchants and found that cash was nearly universally accepted (Fung, Huynh and Kosse 2017). Since 2015, retail payments in Canada have become increasingly digitalized, as many Canadians have adopted digital payment innovations like contactless cards and Interac e-Transfer.2019-12-11T07:23:38+00:00en2018 Merchant Acceptance Survey2019-12-11Amazon 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 2019DD2D22LL1L11L8L81The Economics of Cryptocurrencies—Bitcoin and Beyond
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-40/
Since the creation of Bitcoin in 2009, over 2,000 cryptocurrencies have been issued. We evaluate how well a cryptocurrency functions as a payment system.2019-09-27T15:41:20+00:00enThe Economics of Cryptocurrencies—Bitcoin and Beyond2019-09-27Digital currencies and fintechMonetary policyPayment clearing and settlement systemsStaff Working Paper 2019-40https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-40.pdfThe Economics of Cryptocurrencies—Bitcoin and BeyondJonathan ChiuThorsten KoepplSeptember 2019EE4E5LL5No Double Standards: Quantifying the Impact of Standard Harmonization on Trade
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-36/
Product standards are omnipresent in industrialized societies. Though standardization can be beneficial for domestic producers, divergent product standards have been categorized as a major obstacle to international trade. This paper quantifies the effect of standard harmonization on trade flows and characterizes the extent to which it changes the cost and demand structure of exporting.2019-09-12T09:24:50+00:00enNo Double Standards: Quantifying the Impact of Standard Harmonization on Trade2019-09-12Econometric and statistical methodsInternational topicsStaff Working Paper 2019-36https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-36.pdfNo Double Standards: Quantifying the Impact of Standard Harmonization on TradeJulia SchmidtWalter SteingressSeptember 2019FF1F13F14F15LL1L15The Simple Economics of Global Fuel Consumption
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-35/
This paper presents a structural framework of the global oil market that relies on information on global fuel consumption to identify flow demand for oil. We show that under mild identifying assumptions, data on global fuel consumption help to provide comparatively sharp insights on elasticities and other key structural parameters of the global oil market.2019-09-06T17:19:29+00:00enThe Simple Economics of Global Fuel Consumption2019-09-06Economic modelsStaff Working Paper 2019-35https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-35.pdfThe Simple Economics of Global Fuel ConsumptionDoga BilginReinhard EllwangerSeptember 2019CC5C51LL7L71QQ4Q41Q43Exchange Rates, Retailers, and Importing: Theory and Firm-Level Evidence
https://www.bankofcanada.ca/2019/09/staff-working-paper-2019-34/
We develop a model with firm heterogeneity in importing and cross-border shopping among consumers. Exchange-rate appreciations lower the cost of imported goods, but also lead to more cross-border shopping; hence, the net impact on aggregate retail prices and sales is ambiguous.2019-09-06T16:57:05+00:00enExchange Rates, Retailers, and Importing: Theory and Firm-Level Evidence2019-09-06Exchange ratesInternational topicsService sectorStaff Working Paper 2019-34https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-34.pdfExchange Rates, Retailers, and Importing: Theory and Firm-Level EvidenceAlex ChernoffPatrick AlexanderSeptember 2019FF1F10F14LL8L81Explaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-32/
Recent consumer and merchant surveys show a decrease in the use of cash at the point of sale. Increasingly, consumers and merchants have access to a growing array of payment innovations as substitutes for cash.2019-08-27T15:45:06+00:00enExplaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods2019-08-27Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2019-32https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-32.pdfExplaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment MethodsKim HuynhGradon NichollsOleksandr ShcherbakovAugust 2019CC5C51LL1L13L15L8L81L9L96Flight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-29/
Deposit insurance protects depositors from failing banks, thus making insured deposits risk-free. When a deposit insurance limit is increased, some deposits that previously were uninsured become insured, thereby increasing the share of risk-free assets in households’ portfolios. This increase cannot simply be undone by households, because to invest in uninsured deposits, a household must first invest in insured deposits up to the limit. This basic insight is the starting point of the analysis in this paper.2019-08-15T07:54:52+00:00enFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation2019-08-15Financial institutionsFinancial system regulation and policiesStaff Working Paper 2019-29https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-29.pdfFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio AllocationH. Evren DamarReint GroppAdi MordelAugust 2019DD1D14GG2G21G28LL5L51