Financial services - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:26:25+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 2020CC3C33DD1D12EE4E41COVID‑19 and the financial system
https://www.bankofcanada.ca/2020/10/covid-19-and-the-financial-system/
Governor Tiff Macklem discusses financial risks from the COVID-19 pandemic that are affecting our economy and that could shape how well it recovers. He also talks about financial risks from climate change.2020-10-08T10:37:26+00:00COVID‑19 and the financial system2020-10-08Tiff MacklemFrom COVID to climate—the importance of risk management
https://www.bankofcanada.ca/2020/10/from-covid-to-climate-importance-risk-management/
Governor Tiff Macklem discusses the importance of financial risk management as Canada recovers from the pandemic, and as it deals with issues like climate change.2020-10-08T08:30:28+00:00From COVID to climate—the importance of risk management2020-10-08Tiff MacklemPredicting 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 2020CC3EE4E42GG1G2G28Liquidity 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 2020CC5EE4E42E5E58The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?
https://www.bankofcanada.ca/2020/08/staff-working-paper-2020-32/
The objective of this paper is twofold. First, we assess whether financial education might be a suitable tool to promote the financial inclusion opportunities that big techs provide. Second, we study how this potential financial inclusion could impact financial stability.2020-08-14T09:15:13+00:00enThe Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?2020-08-14Development economicsDigital currencies and fintechFinancial marketsFinancial servicesFinancial stabilityStaff Working Paper 2020-32https://www.bankofcanada.ca/wp-content/uploads/2020/08/swp2020-32.pdfStaff Working Paper 2020-32Nicole JonkerAnneke KosseAugust 2020DD1D14D9D91D92GG2G21G23OO1O16Spending patterns in a pandemic
https://www.bankofcanada.ca/2020/06/spending-patterns-in-a-pandemic/
Deputy Governor Lawrence Schembri explains how household spending has changed because of COVID-19 and discusses why the Bank expects the recovery to have two phases.2020-06-18T15:24:14+00:00Spending patterns in a pandemic2020-06-18Lawrence L. SchembriLiving with limits: household behaviour in Canada in the time of COVID-19
https://www.bankofcanada.ca/2020/06/living-with-limits-household-behaviour-canada-time-covid-19/
Deputy Governor Lawrence Schembri explains how the COVID-19 pandemic has affected household spending and economic activity, and discusses what the recovery is expected to look like.2020-06-18T07:10:28+00:00Living with limits: household behaviour in Canada in the time of COVID-192020-06-18Lawrence L. SchembriAn 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 2020EE4E42GG2G21Dynamic Competition in Negotiated Price Markets
https://www.bankofcanada.ca/2020/06/staff-working-paper-2020-22/
Repeated interactions between borrowers and lenders create the possibility of dynamic pricing: lenders compete aggressively with low prices to attract new borrowers and then raise their prices once borrowers have made a commitment. We find such pricing patterns in the Canadian mortgage market.2020-06-05T15:40:08+00:00enDynamic Competition in Negotiated Price Markets2020-06-05Financial institutionsFinancial servicesMarket structure and pricingStaff Working Paper 2020-22https://www.bankofcanada.ca/wp-content/uploads/2020/06/swp2020-22.pdfStaff Working Paper 2020-22Jason AllenShaoteng LiJune 2020DD4GG2G21LL2