Anneke Kosse - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:26:08+00:00Transmission of Cyber Risk Through the Canadian Wholesale Payment System
https://www.bankofcanada.ca/2022/05/staff-working-paper-2022-23/
This paper studies how the impact of a cyber attack that paralyzes one or multiple banks' ability to send payments would transmit to other banks through the Canadian wholesale payment system. Based on historical payment data, we simulate a wide range of scenarios and evaluate the total payment disruption in the system.2022-05-16T11:11:07+00:00enTransmission of Cyber Risk Through the Canadian Wholesale Payment System2022-05-16Financial institutionsFinancial stabilityPayment clearing and settlement systemsStaff Working Paper 2022-23https://www.bankofcanada.ca/wp-content/uploads/2022/05/swp2022-23.pdfAnneke KosseZhentong LuMay 2022CC4C49EE4E42E47GG2G21An Empirical Analysis of Bill Payment Choices
https://www.bankofcanada.ca/2021/05/staff-working-paper-2021-23/
How do Canadians pay their bills? 2019 survey data collected from over 4,000 Canadian consumers show how people’s bill payment choices vary with consumer characteristics and types of bills. The data also reveal that many consumers feel limited in their choices, which suggests that preferences of billers might play an important role as well.2021-05-17T14:22:26+00:00enAn Empirical Analysis of Bill Payment Choices2021-05-17Bank notesEconometric and statistical methodsFinancial servicesPayment clearing and settlement systemsStaff Working Paper 2021-23https://www.bankofcanada.ca/wp-content/uploads/2021/05/swp2021-23.pdfStaff Working Paper 2021-23Anneke KosseMay 2021DD1D9GG2Behaviour in the Canadian large-value payment system: COVID-19 vs. the global financial crisis
https://www.bankofcanada.ca/2021/05/staff-analytical-note-2021-7/
Unlike the 2008–09 global financial crisis, the onset of the COVID-19 crisis did not raise stress levels in Canada’s Large Value Transfer System. Swift changes to the Bank of Canada’s collateral policy and its large-scale asset purchase programs likely eased liquidity pressures in the system.2021-05-06T15:09:44+00:00enBehaviour in the Canadian large-value payment system: COVID-19 vs. the global financial crisis2021-05-06Predicting 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 2020CC3EE4E42GG1G2G28The 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 2020DD1D14D9D91D92GG2G21G23OO1O16An 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 2020EE4E42GG2G21Acceptance and Use of Payments at the Point of Sale in Canada
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-fung.pdf
Merchants universally accept cash. Consumers widely hold cash but also carry debit and credit cards. The cost of using a method of payment has only a small influence on which method consumers use. Large merchants accept all payments, while only two-thirds of small and medium-sized businesses accept credit cards. Merchants report that credit cards are the costliest payment method compared with cash and debit cards. However, costs are not the only consideration. Merchant acceptance of credit accounts for the many con-sumers that want to use credit cards. This interaction between consumers and merchants is known as network externalities.2017-11-16T12:22:59+00:00enAcceptance and Use of Payments at the Point of Sale in Canada2017-11-16The Costs of Point-of-Sale Payments in Canada
https://www.bankofcanada.ca/2017/03/staff-discussion-paper-2017-4/
Using data from our 2014 cost-of-payments survey, we calculate resource costs for cash, debit cards and credit cards. For each payment method, we examine the total cost incurred by consumers, retailers, financial institutions and infrastructures, the Royal Canadian Mint and the Bank of Canada.2017-03-28T12:37:45+00:00enThe Costs of Point-of-Sale Payments in Canada2017-03-28Bank notesDigital currencies and fintechFinancial institutionsPayment clearing and settlement systemsStaff Discussion Paper 2017‐4https://www.bankofcanada.ca/wp-content/uploads/2017/03/sdp2017-4.pdfThe Costs of Point-of-Sale Payments in CanadaAnneke KosseHeng ChenMarie-Hélène FeltValéry Dongmo JiongoKerry NieldAngelika WelteMarch 2017DD1D12D2D23D24EE4E41E42GG2G21LL2Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data
https://www.bankofcanada.ca/2014/06/working-paper-2014-20/
We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States).2014-06-05T07:00:44+00:00enConsumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data2014-06-05Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesWorking Paper 2014-20 https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-20.pdfConsumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey DataJohn BagnallDavid BounieKim HuynhAnneke KosseTobias SchmidtScott SchuhHelmut StixJune 2014DD1D12EE4E41E5E58