Francisco Rivadeneyra - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:12:43+00:00Improving the Efficiency of Payments Systems Using Quantum Computing
https://www.bankofcanada.ca/2022/12/staff-working-paper-2022-53/
We develop an algorithm and run it on a hybrid quantum annealing solver to find an ordering of payments that reduces the amount of system liquidity necessary without substantially increasing payment delays.2022-12-22T14:14:19+00:00enImproving the Efficiency of Payments Systems Using Quantum Computing2022-12-22Digital currencies and fintechFinancial institutionsFinancial servicesFinancial system regulation and policiesPayment clearing and settlement systemsStaff Working Paper 2022-53https://www.bankofcanada.ca/wp-content/uploads/2022/12/swp2022-53.pdfImproving the Efficiency of Payments Systems Using Quantum ComputingChristopher McMahonDonald McGillivrayAjit DesaiFrancisco RivadeneyraJean-Paul LamThomas LoDanica MarsdenVladimir SkavyshDecember 2022CC6C61C63DD8D83EE4E42E5E58Estimating Policy Functions in Payments Systems Using Reinforcement Learning
https://www.bankofcanada.ca/2021/02/staff-working-paper-2021-7/
We demonstrate the ability of reinforcement learning techniques to estimate the best-response functions of banks participating in high-value payments systems—a real-world strategic game of incomplete information.2021-02-01T09:44:50+00:00enEstimating Policy Functions in Payments Systems Using Reinforcement Learning2021-02-01Digital currencies and fintechFinancial institutionsFinancial system regulation and policiesPayment clearing and settlement systemsStaff Working Paper 2021-7https://www.bankofcanada.ca/wp-content/uploads/2021/02/swp2021-7.pdfEstimating Policy Functions in Payments Systems Using Reinforcement LearningPablo S. CastroAjit DesaiHan DuRodney J. GarrattFrancisco RivadeneyraFebruary 2021AA1A12CC7DD8D83EE4E42E5E58Eggs in One Basket: Security and Convenience of Digital Currencies
https://www.bankofcanada.ca/2021/01/staff-working-paper-2021-6/
Digital currencies store balances in anonymous electronic addresses. This paper analyzes the trade-offs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks.2021-01-29T07:23:53+00:00enEggs in One Basket: Security and Convenience of Digital Currencies2021-01-29Central bank researchDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Working Paper 2021-6https://www.bankofcanada.ca/wp-content/uploads/2021/01/swp2021-6.pdfEggs in One Basket: Security and Convenience of Digital CurrenciesCharles M. KahnFrancisco RivadeneyraTsz-Nga WongJanuary 2021EE4E42E5E51E58Should the Central Bank Issue E-money?
https://www.bankofcanada.ca/2018/12/staff-working-paper-2018-58/
Should a central bank take over the provision of e-money, a circulable electronic liability? We discuss how e-money technology changes the tradeoff between public and private provision, and the tradeoff between e-money and a central bank's existing liabilities like bank notes and reserves.2018-12-13T09:55:56+00:00enShould the Central Bank Issue E-money?2018-12-13Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Working Paper 2018-58https://www.bankofcanada.ca/wp-content/uploads/2018/12/swp2018-58.pdfShould the Central Bank Issue E-money?Charles M. KahnFrancisco RivadeneyraTsz-Nga WongDecember 2018EE4E42E5E51E58Financial Development and the Volatility of Income
https://www.bankofcanada.ca/2013/01/working-paper-2013-4/
This paper presents a general equilibrium model with endogenous collateral constraints to study the relationship between financial development and business cycle fluctuations in a cross-section of economies with different sizes of their financial sector.2013-01-30T10:48:33+00:00enFinancial Development and the Volatility of Income2013-01-30Credit and credit aggregatesFinancial stabilityWorking Paper 2013-4https://www.bankofcanada.ca/wp-content/uploads/2013/01/wp2013-04.pdfFinancial Development and the Volatility of IncomeTiago PinheiroFrancisco RivadeneyraMarc TeignierJanuary 2013EE3E32E6E60