Posts

• June 18, 2026

  CIMPA Meeting (June 18, 2026)

  Content Type(s): Meetings Source(s): Collateral Infrastructure and Market Practices Advisory Group
• June 18, 2026

  International Conference on Payments and Securities Settlement

  The Deutsche Bundesbank will host the “International Conference on Payments and Securities Settlement” at its Conference Center in Eltville, Germany on 18 and 19 June 2026.

  Content Type(s): Conferences and workshops

• Data Externalities, Market Power, and the Optimal Design of Central Bank Digital Currencies

  Staff working paper 2026-21 Yuteng Cheng, Jonathan Chiu, Mohammad Davoodalhosseini, Janet Hua Jiang

  This paper studies how a central bank should design a CBDC when private payment providers collect and monetize transaction data. It characterizes the optimal CBDC’s pricing and data policy, and shows how its effects on private payment use and total data depend on market power and data externalities.

  Content Type(s): Staff research, Staff working papers JEL Code(s): G, G2, L, L1, L14 Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures, Retail payments

• Measuring the AI Economy

  Staff working paper 2026-20 Anton Korinek, Patrick McKelvey

  We construct a macroeconomic estimate of total AI production in the United States, combining inference and R&D/training activities with quality adjustments to account for algorithmic progress. We then develop a nascent framework for "AI GDP" that tracks the AI economy as a coherent whole, complementing traditional national accounts.

  Content Type(s): Staff research, Staff working papers JEL Code(s): C, C4, C43, E, E0, E01, E2, E22, E3, E31, O, O3, O33, O4, O47 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Real economy and forecasting, Structural challenges, Digitalization and productivity

• How Indigenous-owned firms finance their operations

  

  Sparks at Bank article James Fudurich, Calista Cheung, Farrukh Suvankulov, Selam Abraham

  Businesses that can’t easily access credit experience slower growth. Indigenous-owned firms are less likely than other firms in Canada to use conventional lending products—like loans or lines of credit from banks. We look at why Indigenous-owned businesses may face barriers to accessing credit.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission