C35 - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:37:41+00:00Comparison of Bayesian and Sample Theory Parametric and Semiparametric Binary Response Models
https://www.bankofcanada.ca/2022/07/staff-working-paper-2022-31/
We use graphic processing unit computing to compare Bayesian and sample theory semiparametric binary response models. Our findings show that optimal bandwidth does not outperform regular bandwidth in binary semiparametric models.2022-07-04T11:20:56+00:00enComparison of Bayesian and Sample Theory Parametric and Semiparametric Binary Response Models2022-07-04Credit risk managementEconometric and statistical methodsStaff Working Paper 2022-31https://www.bankofcanada.ca/wp-content/uploads/2022/07/swp2022-31.pdfComparison of Bayesian and Sample Theory Parametric and Semiparametric Binary Response ModelsXiangjin ShenIskander KaribzhanovHiroki TsurumiShiliang LiJuly 2022CC1C14C3C35C5C51C6C63DD1Adoption of a New Payment Method: Theory and Experimental Evidence
https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-28/
We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method.2017-07-20T09:21:19+00:00enAdoption of a New Payment Method: Theory and Experimental Evidence2017-07-20Central bank researchDigital currencies and fintechStaff Working Paper 2017-28https://www.bankofcanada.ca/wp-content/uploads/2017/07/swp2017-28.pdfAdoption of a New Payment Method: Theory and Experimental EvidenceJasmina ArifovicJohn DuffyJanet Hua JiangJuly 2017CC3C35C8C83C9C92EE4E41Adoption Costs of Financial Innovation: Evidence from Italian ATM Cards
https://www.bankofcanada.ca/2017/02/staff-working-paper-2017-8/
The discrete choice to adopt a financial innovation affects a household’s exposure to inflation and transactions costs. We model this adoption decision as being subject to an unobserved cost.2017-02-17T10:25:50+00:00enAdoption Costs of Financial Innovation: Evidence from Italian ATM Cards2017-02-17Bank notesEconometric and statistical methodsFinancial servicesStaff Working Paper 2017-8https://www.bankofcanada.ca/wp-content/uploads/2017/02/swp2017-8.pdfAdoption Costs of Financial Innovation: Evidence from Italian ATM CardsKim HuynhPhilipp Schmidt-DenglerGregor W. SmithAngelika WelteFebruary 2017CC3C35DD1D14EE4E41The Role of Card Acceptance in the Transaction Demand for Money
https://www.bankofcanada.ca/2014/09/working-paper-2014-44/
The use of payment cards, either debit or credit, is becoming more and more widespread in developed economies. Nevertheless, the use of cash remains significant.2014-09-24T16:09:23+00:00enThe Role of Card Acceptance in the Transaction Demand for Money2014-09-24Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesWorking Paper 2014-44https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-44.pdfThe Role of Card Acceptance in the Transaction Demand for MoneyKim HuynhPhilipp Schmidt-DenglerHelmut StixSeptember 2014CC3C35C8C83EE4E41Retail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples
https://www.bankofcanada.ca/2014/06/working-paper-2014-27/
We exploit the panel dimension of the Canadian Financial Monitor (CFM) data to estimate the impact of retail payment innovations on cash usage. We estimate a semiparametric panel data model that accounts for unobserved heterogeneity and allows for general forms of non-random attrition.2014-06-18T11:50:48+00:00enRetail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples2014-06-18Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesWorking Paper 2014-27https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-27.pdfRetail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment SamplesHeng ChenMarie-Hélène FeltKim HuynhJune 2014CC3C35EE4E41How Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data
https://www.bankofcanada.ca/2012/12/discussion-paper-2012-9/
Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained?2012-12-21T08:09:48+00:00enHow Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data2012-12-21Economic modelsSectoral balance sheetDiscussion Paper 2012-09https://www.bankofcanada.ca/wp-content/uploads/2012/12/dp2012-09.pdfHow Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-DataUmar FaruquiSamah TorchaniDecember 2012CC3C35DD1D12D3D30The Impact of Retail Payment Innovations on Cash Usage
https://www.bankofcanada.ca/2012/05/working-paper-2012-14/
Many predict that innovations in retail payment may render cash obsolete. We investigate this possibility in the context of recent payment innovations such as contactless-credit and stored-value cards.2012-05-14T08:09:27+00:00enThe Impact of Retail Payment Innovations on Cash Usage2012-05-14Econometric and statistical methodsFinancial servicesPayment clearing and settlement systemsWorking Paper 2012-14https://www.bankofcanada.ca/wp-content/uploads/2012/05/wp2012-14_revised.pdfThe Impact of Retail Payment Innovations on Cash UsageBen FungKim HuynhLeonard SabettiMay 2012CC3C35C8C83EE4E41How Do You Pay? The Role of Incentives at the Point-of-Sale
https://www.bankofcanada.ca/2011/10/working-paper-2011-23/
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale.2011-10-27T11:41:45+00:00enHow Do You Pay? The Role of Incentives at the Point-of-Sale2011-10-27Bank notesEconometric and statistical methodsFinancial servicesWorking Paper 2011-23https://www.bankofcanada.ca/wp-content/uploads/2011/10/wp2011-23.pdfHow Do You Pay? The Role of Incentives at the Point-of-SaleCarlos ArangoKim HuynhLeonard SabettiOctober 2011CC3C35C8C83EE4E41Investment, Private Information, and Social Learning: A Case Study of the Semiconductor Industry
https://www.bankofcanada.ca/2004/09/working-paper-2004-32/
Social learning models of investment provide an interesting explanation for sudden changes in investment behaviour.2004-09-01T13:21:23+00:00enInvestment, Private Information, and Social Learning: A Case Study of the Semiconductor Industry2004-09-01Business fluctuations and cyclesWorking Paper 2004-32 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-32.pdfInvestment, Private Information, and Social Learning: A Case Study of the Semiconductor IndustryRose CunninghamSeptember 2004CC3C35EE3E32LL6L63