E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:28:21+00:00Safe Payments
https://www.bankofcanada.ca/2020/12/staff-working-paper-2020-53/
In a cashless economy, would the private sector invest in the optimal level of safety in a deposit-based payment system? In general, because of externalities, the answer is no. While the private sector could over- or under-invest in safety, the government can use taxes or subsidies to correct private incentives.2020-12-11T07:54:12+00:00enSafe Payments2020-12-11Central bank researchDigital currencies and fintechFinancial institutionsPayment clearing and settlement systemsStaff Working Paper 2020-53https://www.bankofcanada.ca/wp-content/uploads/2020/12/swp2020-53.pdfSafe PaymentsJonathan ChiuMohammad DavoodalhosseiniJanet Hua JiangYu ZhuDecember 2020EE4E42E5E50GG2G21Security and convenience of a central bank digital currency
https://www.bankofcanada.ca/2020/10/staff-analytical-note-2020-21/
An anonymous token-based central bank digital currency (CBDC) would pose certain security risks to users. These risks arise from how balances are aggregated, from their transactional use and from the competition between suppliers of aggregation solutions.2020-10-05T10:33:38+00:00enSecurity and convenience of a central bank digital currency2020-10-05Predicting Payment Migration in Canada
https://www.bankofcanada.ca/2020/09/staff-working-paper-2020-37/
Developments are underway to replace Canada’s two core payment systems with three new systems. We use a discrete choice model to predict migration patterns of end-users and financial institutions for future systems and discuss their policy implications.2020-09-14T15:02:48+00:00enPredicting Payment Migration in Canada2020-09-14Financial institutionsFinancial servicesFinancial stabilityFinancial system regulation and policiesPayment clearing and settlement systemsStaff Working Paper 2020-37https://www.bankofcanada.ca/wp-content/uploads/2020/09/swp2020-37.pdfPredicting Payment Migration in CanadaAnneke KosseZhentong LuGabriel XerriSeptember 2020CC3EE4E42GG1G2G28What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?
https://www.bankofcanada.ca/2020/09/staff-analytical-note-2020-20/
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.2020-09-11T10:00:15+00:00enWhat do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?2020-09-11Liquidity Usage and Payment Delay Estimates of the New Canadian High Value Payments System
https://www.bankofcanada.ca/2020/09/staff-discussion-paper-2020-9/
As part of modernizing its core payments infrastructure, Canada will replace the Large Value Transfer System (LVTS) with a new Real-Time Gross Settlement (RTGS) system called Lynx. An important question for policy-makers is how Lynx should be designed.2020-09-10T13:09:06+00:00enLiquidity Usage and Payment Delay Estimates of the New Canadian High Value Payments System2020-09-10Financial servicesFinancial system regulation and policiesPayment clearing and settlement systemsStaff Discussion Paper 2020-9https://www.bankofcanada.ca/wp-content/uploads/2020/09/sdp2020-9.pdfLiquidity Usage and Payment Delay Estimates of the New Canadian High Value Payments SystemFrancisco RivadeneyraNellie ZhangSeptember 2020CC5EE4E42E5E58Survival Analysis of Bank Note Circulation: Fitness, Network Structure and Machine Learning
https://www.bankofcanada.ca/2020/08/staff-working-paper-2020-33/
Using the Bank of Canada's Currency Information Management Strategy, we analyze the network structure traced by a bank note’s travel in circulation and find that the denomination of the bank note is important in our potential understanding of the demand and use of cash.2020-08-19T08:55:16+00:00enSurvival Analysis of Bank Note Circulation: Fitness, Network Structure and Machine Learning2020-08-19Bank notesEconometric and statistical methodsPayment clearing and settlement systemsStaff Working Paper 2020-33https://www.bankofcanada.ca/wp-content/uploads/2020/08/swp2020-33.pdfStaff Working Paper 2020-33Diego RojasJuan EstradaKim HuynhDavid T. Jacho-ChávezAugust 2020CC5C52C6C65C8C81EE4E42E5E51Monetary Policy Implementation and Payment System Modernization
https://www.bankofcanada.ca/2020/06/staff-working-paper-2020-26/
Canada plans to adopt a retail payment system to allow Canadians to pay in real time (or near real time) 24 hours a day, 7 days a week. However, the traditional model for setting the overnight interest rate does not operate 24/7.2020-06-30T11:02:18+00:00enMonetary Policy Implementation and Payment System Modernization2020-06-30Monetary policy implementationPayment clearing and settlement systemsStaff Working Paper 2020-26https://www.bankofcanada.ca/wp-content/uploads/2020/06/swp2020-26.pdfStaff Working Paper 2020-26Jonathan WitmerJune 2020EE4E40E42E43Security of a CBDC
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-11/
Security is an important element in ensuring public confidence in a central bank digital currency (CBDC). This note highlights the required security properties of a CBDC system and the challenges encountered with existing solutions, should the Bank of Canada choose to issue one.2020-06-24T14:01:23+00:00enSecurity of a CBDC2020-06-24Privacy in CBDC technology
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-9/
Privacy is a key aspect of a potential central bank digital currency system. We outline different technical choices to enact various privacy models while complying with the appropriate regulations. We develop a framework to evaluate privacy models and list key risks and trade-offs in privacy design.2020-06-19T10:00:47+00:00enPrivacy in CBDC technology2020-06-19An Economic Perspective on Payments Migration
https://www.bankofcanada.ca/2020/06/staff-working-paper-2020-24/
Consumers, businesses and banks make millions of payments each day using a variety of instruments, such as debit cards, cheques and wires. Canada is currently developing three new systems to process these transactions: Lynx, Settlement Optimization Engine (SOE) and Real-Time Rail (RTR).2020-06-09T06:00:18+00:00enAn Economic Perspective on Payments Migration2020-06-09Financial servicesFinancial system regulation and policiesPayment clearing and settlement systemsStaff Working Paper 2020-24https://www.bankofcanada.ca/wp-content/uploads/2020/06/swp2020-24.pdfAn Economic Perspective on Payments MigrationAnneke KosseZhentong LuGabriel XerriJune 2020EE4E42GG2G21