L - Industrial Organization - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:17:03+00:00Rising US LNG Exports and Global Natural Gas Price Convergence
https://www.bankofcanada.ca/2021/09/staff-discussion-paper-2021-14/
We assess how rising exports of US liquefied natural gas affect the convergence of natural gas prices worldwide. Our results may have implications for the development of future LNG export capacity in Canada.2021-09-10T11:29:41+00:00enRising US LNG Exports and Global Natural Gas Price Convergence2021-09-10International topicsMarket structure and pricingStaff Discussion Paper 2021-14https://www.bankofcanada.ca/wp-content/uploads/2021/09/sdp2021-14.pdfRising US LNG Exports and Global Natural Gas Price ConvergenceRobert IalentiSeptember 2021CC3C32FF1F15KK4K41LL9L95Measuring the Effectiveness of Salespeople: Evidence from a Cold-Drink Market
https://www.bankofcanada.ca/2021/08/staff-working-paper-2021-40/
Salespeople are widely employed in many industries. We leverage a unique data set on retail sales from a leading Chinese cold-drink manufacturer and information on the firm’s salespeople assignment rule to measure the causal effect of salespeople on product revenue.2021-08-20T09:49:47+00:00enMeasuring the Effectiveness of Salespeople: Evidence from a Cold-Drink Market2021-08-20Labour marketsService sectorStaff Working Paper 2021-40https://www.bankofcanada.ca/wp-content/uploads/2021/08/swp2021-40.pdfHaofeng JinZhentong LuAugust 2021LL8L81MM3M5Centralizing Over-the-Counter Markets?
https://www.bankofcanada.ca/2021/08/staff-working-paper-2021-39/
Would a shift in trading in fixed-income markets—from over the counter (bilateral trading) to a centralized electronic platform—improve welfare? We use trade-level data on the secondary market for Government of Canada debt to answer this question.2021-08-12T15:49:14+00:00enCentralizing Over-the-Counter Markets?2021-08-12Financial institutionsMarket structure and pricingStaff Working Paper 2021-39https://www.bankofcanada.ca/wp-content/uploads/2021/08/swp2021-39.pdfCentralizing Over-the-Counter Markets?Jason AllenMilena WittwerAugust 2021DD4D40D47GG1G10G2G20LL1L10The Positive Case for a CBDC
https://www.bankofcanada.ca/2021/07/staff-discussion-paper-2021-11/
We discuss the competition and innovation arguments for issuing a central bank digital currency (CBDC). A CBDC could be an effective competition policy tool for payments. A CBDC could also support the vibrancy of the digital economy. It could help solve market failures and foster competition and innovation in new digital payments markets.2021-07-20T09:59:49+00:00enThe Positive Case for a CBDC2021-07-20Digital currencies and fintechFinancial institutionsFinancial stabilityStaff Discussion Paper 2021-11https://www.bankofcanada.ca/wp-content/uploads/2021/07/sdp2021-11.pdfStaff Discussion Paper 2021-11Andrew UsherEdona ReshidiFrancisco RivadeneyraScott HendryJuly 2021EE4E42E5E58LL4L5The Effects of Government Licensing on E-commerce: Evidence from Alibaba
https://www.bankofcanada.ca/2021/07/staff-working-paper-2021-32/
How does government licensing affect selling on online platforms? We examine the impact of China’s 2015 Food Safety Law on sellers and buyers on Alibaba, the largest e-commerce platform in that country.2021-07-05T08:42:01+00:00enThe Effects of Government Licensing on E-commerce: Evidence from Alibaba2021-07-05Market structure and pricingRecent economic and financial developmentsStaff Working Paper 2021-32https://www.bankofcanada.ca/wp-content/uploads/2021/07/swp2021-32.pdfThe Effects of Government Licensing on E-commerce: Evidence from AlibabaGinger Zhe JinZhentong LuXiaolu ZhouChunxiao LiJuly 2021DD8D82KK2K23LL5L8L81Overlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown?
https://www.bankofcanada.ca/2021/05/staff-analytical-note-2021-10/
Since the mid-2000s, labour productivity has slowed down in Canada despite enormous technological advances that were expected to improve it. This note investigates whether mismeasurement of the digital economy can explain this paradox.2021-05-25T12:04:35+00:00enOverlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown?2021-05-25Payments on Digital Platforms: Resiliency, Interoperability and Welfare
https://www.bankofcanada.ca/2021/04/staff-working-paper-2021-19/
This paper studies the business model choice between running a cash platform and a token platform, as well as its welfare and policy implications.2021-04-22T09:39:10+00:00enPayments on Digital Platforms: Resiliency, Interoperability and Welfare2021-04-22Digital currencies and fintechMonetary policyPayment clearing and settlement systemsStaff Working Paper 2021-19https://www.bankofcanada.ca/wp-content/uploads/2021/04/swp2021-19.pdfStaff Working Paper 2021-19Jonathan ChiuTsz-Nga WongApril 2021EE4E5LL5Trade and Market Power in Product and Labor Markets
https://www.bankofcanada.ca/2021/04/staff-working-paper-2021-17/
Trade liberalizations increase the sales and input purchases of productive firms relative to their less productive domestic competitors. This reallocation affects firms’ market power in their product and input markets. I quantify how the labour market power of employers affects the distribution and size of the gains from trade.2021-04-07T11:15:08+00:00enTrade and Market Power in Product and Labor Markets2021-04-07Economic modelsLabour marketsMarket structure and pricingProductivityTrade integrationStaff Working Paper 2021-17https://www.bankofcanada.ca/wp-content/uploads/2021/04/swp2021-17.pdfStaff Working Paper 2021-17Gaelan MacKenzieApril 2021DD4D43FF1F12F6JLL1L13Imperfect Banking Competition and Macroeconomic Volatility: A DSGE Framework
https://www.bankofcanada.ca/2021/03/staff-working-paper-2021-12/
How do banks adjust their loan rate markup in response to macroeconomic shocks?2021-03-12T13:36:34+00:00enImperfect Banking Competition and Macroeconomic Volatility: A DSGE Framework2021-03-12Business fluctuations and cyclesFinancial institutionsInterest ratesStaff Working Paper 2021-12https://www.bankofcanada.ca/wp-content/uploads/2021/03/swp2021-12.pdfStaff Working Paper 2021-12Jiaqi LiMarch 2021EE3E32E4E44GG2G21LL1L13Market Concentration and Uniform Pricing: Evidence from Bank Mergers
https://www.bankofcanada.ca/2021/02/staff-working-paper-2021-9/
We show that US banks price deposits almost uniformly across their branches and that this pricing practice is more important than increases in local market concentration in explaining the deposit rate dynamics following bank mergers.2021-02-16T11:09:14+00:00enMarket Concentration and Uniform Pricing: Evidence from Bank Mergers2021-02-16Financial institutionsFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2021-9https://www.bankofcanada.ca/wp-content/uploads/2021/02/swp2021-9.pdfStaff Working Paper 2021-9João GranjaNuno PaixaoFebruary 2021DD4GG2G20G21G28G3G34LL1L11