E41 - Demand for Money - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:52:19+00:00Losing Contact: The Impact of Contactless Payments on Cash Usage
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-56/
Contactless payment cards are a competitive alternative to cash. Using Canadian panel data from 2010 to 2017, this study investigates whether contactless credit cards are an important contributor to the decline in the transactional use of cash. 2020-12-29T09:32:24+00:00enLosing Contact: The Impact of Contactless Payments on Cash Usage2020-12-29Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2020-56https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-56.pdfStaff Working Paper 2020-56Marie-Hélène FeltDecember 2020CC3C33DD1D12EE4E41The potential effect of a central bank digital currency on deposit funding in Canada
https://www.bankofcanada.ca/2020/07/staff-analytical-note-2020-15/
A retail central bank digital currency denominated in Canadian dollars could, in theory, create competition for bank deposit funding.2020-07-03T11:53:07+00:00enThe potential effect of a central bank digital currency on deposit funding in Canada2020-07-03Designing a CBDC for universal access
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-10/
If the Bank of Canada issues a central bank digital currency, the technology should be designed for universal access.2020-06-24T14:00:12+00:00enDesigning a CBDC for universal access2020-06-24Is Central Bank Currency Fundamental to the Monetary System?
https://www.bankofcanada.ca/2020/05/staff-discussion-paper-2020-2/
In this paper, we discuss whether the ability of individuals to convert commercial bank money (i.e., bank deposits) into central bank money is fundamentally important for the monetary system.2020-05-07T08:52:52+00:00enIs Central Bank Currency Fundamental to the Monetary System?2020-05-07Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Discussion Paper 2020-2https://www.bankofcanada.ca/wp-content/uploads/2020/05/sdp2020-2.pdfIs Central Bank Currency Fundamental to the Monetary System?Hanna ArmeliusCarl Andreas ClaussenScott HendryMay 2020EE4E41E42E5A Uniform Currency in a Cashless Economy
https://www.bankofcanada.ca/2020/03/staff-analytical-note-2020-7/
A number of questions can arise when considering the implications of a cashless society. This note considers whether cash is necessary for a uniform currency.2020-03-10T13:10:37+00:00enA Uniform Currency in a Cashless Economy2020-03-10CBDC and Monetary Policy
https://www.bankofcanada.ca/2020/02/staff-analytical-note-2020-4/
Improving the conduct of monetary policy is unlikely to be the main motivation for central banks to issue a central bank digital currency (CBDC). While some argue that a CBDC could allow more complex transfer schemes or the ability to break below the zero lower bound, we find these benefits might be small or difficult to realize in practice.2020-02-25T06:00:30+00:00enCBDC and Monetary Policy2020-02-25The Power of Helicopter Money Revisited: A New Keynesian Perspective
https://www.bankofcanada.ca/2020/02/staff-discussion-paper-2020-1/
We analyze money financing of fiscal transfers (helicopter money) in two simple New Keynesian models: a “textbook” model in which all money is non-interest-bearing (e.g., all money is currency), and a more realistic model with interest-bearing reserves.2020-02-07T16:29:53+00:00enThe Power of Helicopter Money Revisited: A New Keynesian Perspective2020-02-07CredibilityEconomic modelsFiscal policyInflation targetsInterest ratesMonetary policyMonetary policy and uncertaintyMonetary policy frameworkMonetary policy transmissionStaff Discussion Paper 2020-1https://www.bankofcanada.ca/wp-content/uploads/2020/02/sdp2020-1.pdfThe Power of Helicopter Money Revisited: A New Keynesian PerspectiveThomas J. CarterRhys R. MendesFebruary 2020EE1E12E4E41E43E5E51E52E58E6E61E63