C83 - Survey Methods; Sampling Methods

• 2017 Methods-of-Payment Survey: Sample Calibration and Variance Estimation

  Technical Report No. 114 Heng Chen, Marie-Hélène Felt, Christopher Henry

  This technical report describes sampling, weighting and variance estimation for the Bank of Canada’s 2017 Methods-of-Payment Survey. Under quota sampling, a raking ratio method is implemented to generate weights with both post-stratification and nonparametric nonresponse weight adjustments.

  Content Type(s): Technical Reports Topic(s): Econometric and statistical methods JEL Code(s): C, C8, C81, C83

• Bootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments Data

  Staff Working Paper 2018-28 Valéry Dongmo Jiongo, Pierre Nguimkeu

  This paper proposes a new bootstrap procedure for mean squared errors of robust small-area estimators. We formally prove the asymptotic validity of the proposed bootstrap method and examine its finite sample performance through Monte Carlo simulations.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Bank notes, Econometric and statistical methods JEL Code(s): C, C1, C13, C15, C8, C83, E, E4, E41

• On the Evolution of the United Kingdom Price Distributions

  Staff Working Paper 2018-25 Ba M. Chu, Kim Huynh, David T. Jacho-Chávez, Oleksiy Kryvtsov

  We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK).

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C14, C8, C83, E, E3, E31, E37
• June 7, 2018

  The Bank of Canada’s Financial System Survey

  Financial System Review - June 2018 Guillaume Bédard-Pagé, Ian Christensen, Scott Kinnear, Maxime Leboeuf

  This report presents the details of a new semi-annual survey that will improve the Bank of Canada’s surveillance across the financial system and deepen efforts to engage with financial system participants. The survey collects expert opinions on the risks to and resilience of the Canadian financial system as well as on emerging trends and financial innovations. The report presents an overview of the survey and provides high-level results from the spring 2018 survey.

  Content Type(s): Publications, Financial System Review Article Topic(s): Financial Institutions, Financial markets, Financial services, Financial stability, Financial system regulation and policies, Recent economic and financial developments JEL Code(s): C, C8, C83, G, G1, G11, G18, G2, G28, G3, G32

• Adoption of a New Payment Method: Theory and Experimental Evidence

  Staff Working Paper 2017-28 Jasmina Arifovic, John Duffy, Janet Hua Jiang

  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.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Central bank research, Digital Currencies and Fintech JEL Code(s): C, C3, C35, C8, C83, C9, C92, E, E4, E41

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Estimation of the Total Private Cost for Large Businesses

  Technical Report No. 110 Valéry Dongmo Jiongo

  The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods faced low response rates and outliers in sample data for two of its retailer strata: chains and large independent businesses. This technical report investigates whether it is appropriate to combine these two strata to produce more accurate estimates of the total private cost to large businesses of the main payment methods.

  Content Type(s): Technical Reports Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C8, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Calibration for Single-Location Retailers

  Technical Report No. 109 Heng Chen, Rallye Shen

  Calibrated weights are created to (a) reduce the nonresponse bias; (b) reduce the coverage error; and (c) make the weighted estimates from the sample consistent with the target population in terms of certain key variables.

  Content Type(s): Technical Reports Topic(s): Digital Currencies and Fintech, Econometric and statistical methods JEL Code(s): C, C8, C81, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling

  Technical Report No. 108 Angelika Welte

  In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods.

  Content Type(s): Technical Reports Topic(s): Central bank research, Econometric and statistical methods JEL Code(s): C, C8, C81, C83

• The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Nonresponse

  Technical Report No. 107 Stan Hatko

  Nonresponse is a considerable challenge in the Retailer Survey on the Cost of Payment Methods conducted by the Bank of Canada in 2015. There are two types of nonresponse in this survey: unit nonresponse, in which a business does not reply to the entire survey, and item nonresponse, in which a business does not respond to particular questions within the survey.

  Content Type(s): Technical Reports Topic(s): Central bank research JEL Code(s): C, C8, C81, C83
• May 14, 2015

  The Use of Cash in Canada

  Bank of Canada Review - Spring 2015 Ben Fung, Kim Huynh, Gerald Stuber

  The Bank of Canada’s 2013 Methods-of-Payment Survey indicates that the share of cash in the overall number of retail transactions has continued to decrease, mainly because of increased use of contactless credit cards. The share of cash in the total value of retail transactions was virtually unchanged from 2009 to 2013. In particular, the value share of cash transactions above $50 increased. Automated banking machines (ABMs), still the major source of cash for Canadians, were used less often in 2013 than in 2009. Cash use in Canada is broadly similar to that in Australia and the United States.

  Content Type(s): Publications, Bank of Canada Review Article Topic(s): Bank notes, Digital Currencies and Fintech, Econometric and statistical methods, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): C, C8, C83, E, E4, E42, G, G2, G21, L, L8, L81