Uncategorized

• 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

• The trade-offs between different designs of tokenized systems

  

  Sparks at Bank article Sriram Darbha, Rakesh Arora

  As interest in tokenization grows, so too does the focus on the design of tokenized systems. Different approaches—such as centralized or decentralized systems—could achieve similar outcomes. But the choice of design involves consequential trade-offs that shape how the entire ecosystem evolves.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Financial system, Financial stability and systemic risk, Money and payments, Digital assets and fintech, Payment and financial market infrastructures

• The Impact of Potential Retail Central Bank Digital Currency on the Canadian Financial System During a Severe Recession

  Staff analytical paper 2026-30 Sofia Priazhkina

  This policy note examines how a non-interest-bearing retail central bank digital currency (CBDC) could affect the financial stability of Canada’s systemically important banks during a severe recession. Stress test results show that the banks remain resilient, maintaining key regulatory ratios even under high CBDC demand.

  Content Type(s): Staff research, Staff analytical paper JEL Code(s): E, E4, E44, E5, E58, E6, E61, G, G0, G01, G2, G21, G28 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Economic models, Money and payments, Digital assets and fintech, Structural challenges, Digitalization and productivity
• June 12, 2026

  Bank of Canada to begin publishing Notices of Violation by Payment Service Providers

  Media Relations Ottawa, Ontario

  The Bank of Canada will soon start publishing Notices of Violation related to Payment Service Providers (PSPs) that are subject to the Retail Payment Activities Act (RPAA) and the associated Retail Payment Activities Regulations.

  Content Type(s): Regulatory news Subject(s): Retail payments, Enforcement

• Tokenization: What it is and how to think about it

  

  Sparks at Bank article Jonathan Chiu, Mohammad Davoodalhosseini, Cam Donohoe, Thorsten Koeppl, Diego Zúñiga

  Tokenization involves representing traditional assets as tokens on a digital platform. This financial innovation has the potential to reshape money and markets, but a common approach for comparing system designs and weighing efficiency gains against risks has yet to be defined. We offer such an approach to improve understanding of this expanding technology and guide policy discussions.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures

• Banking Competition and Access to Cash and Retail Banking Services in Rural Canada

  Staff working paper 2026-19 Hongyu Xiao, Robert Petrunia, Sarah Lucky

  We study access to Canadian retail banking and cash services in rural, localized markets using the Bresnahan-Reiss entry threshold framework. We find that the first retail banking services branch entry requires about 500 residents in an average market, whereas the first cash services location requires about 80 residents.

  Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D14, G, G2, G21, L, L1, L10, L13 Research Theme(s): Financial system, Financial institutions and intermediation, Financial system regulation and oversight, Money and payments, Cash and bank notes