L14 - Transactional Relationships; Contracts and Reputation; Networks - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T11:08:34+00:00The Role of Long-Term Contracting in Business Lending
https://www.bankofcanada.ca/2024/02/staff-working-paper-2024-2/
This paper examines inefficiencies arising from a lack of long-term contracting in small business lending in China.2024-02-02T14:43:15+00:00enThe Role of Long-Term Contracting in Business Lending2024-02-02Financial institutionsStaff Working Paper 2024-2https://www.bankofcanada.ca/wp-content/uploads/2024/02/swp2024-02.pdfThe Role of Long-Term Contracting in Business LendingPhoebe TianFebruary 2024DD8D83D86GG2G21LL1L14L2L26Equilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee
https://www.bankofcanada.ca/2022/03/staff-working-paper-2022-15/
We construct and estimate a structural two-stage model of equilibrium in a market for payments in order to quantify the network externalities and identify the main determinants of consumer and merchant decisions.2022-03-22T08:54:14+00:00enEquilibrium in Two-Sided Markets for Payments: Consumer Awareness and the Welfare Cost of the Interchange Fee2022-03-22Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2022-15https://www.bankofcanada.ca/wp-content/uploads/2022/03/swp2022-15.pdfStaff Working Paper 2022-15Kim HuynhGradon NichollsOleksandr ShcherbakovMarch 2022CC5C51DD1D12EE4E42LL1L14On Causal Networks of Financial Firms: Structural Identification via Non-parametric Heteroskedasticity
https://www.bankofcanada.ca/2020/10/staff-working-paper-2020-42/
Banks’ business interactions create a network of relationships that are hidden in the correlations of bank stock returns. But for policy interventions, we need causality to understand how the network changes. Thus, this paper looks for the causal network anticipated by investors.2020-10-16T09:25:08+00:00enOn Causal Networks of Financial Firms: Structural Identification via Non-parametric Heteroskedasticity2020-10-16Econometric and statistical methodsFinancial marketsFinancial stabilityStaff Working Paper 2020-42https://www.bankofcanada.ca/wp-content/uploads/2020/10/swp2020-42.pdfOn Causal Networks of Financial Firms: Structural Identification via Non-parametric HeteroskedasticityRuben HippOctober 2020CC1C3C32C5C58LL1L14Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency
https://www.bankofcanada.ca/2020/03/staff-working-paper-2020-7/
Using a two-stage model, we study the determinants of Canadian consumers’ choices of payment method at the point of sale. We estimate consumer preferences and adoption costs for various combinations of payment methods. We analyze how introducing a central bank digital currency would affect the market equilibrium.2020-03-13T09:07:44+00:00enDemand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency2020-03-13Bank notesDigital currencies and fintechFinancial servicesStaff Working Paper 2020-7https://www.bankofcanada.ca/wp-content/uploads/2020/03/swp2020-7.pdfStaff Working Paper 2020-7Kim HuynhJozsef MolnarOleksandr ShcherbakovQinghui YuMarch 2020CC5C51EE4E42LL1L14L5L52Contagion in Dealer Networks
https://www.bankofcanada.ca/2020/01/staff-working-paper-2020-1/
Dealers connect investors who want to buy or sell securities in financial markets. Over time, dealers and investors form trading networks to save time and resources. An emerging field
of research investigates how networks form.2020-01-10T10:24:52+00:00enContagion in Dealer Networks2020-01-10Financial marketsMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2020-1https://www.bankofcanada.ca/wp-content/uploads/2020/01/swp2020-1.pdfContagion in Dealer NetworksJean-Sébastien FontaineAdrian WaltonJanuary 2020EE4GG1G2G21LL1L14Clearing and Settlement Systems from Around the World: A Qualitative Analysis
https://www.bankofcanada.ca/2016/06/staff-discussion-paper-2016-14/
As Canada continues to engage in a dialogue to develop the approach to modernizing its core payment systems, we analyze the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions, encompassing a broad range of geographic regions, through three levels of analysis.2016-06-16T09:03:09+00:00enClearing and Settlement Systems from Around the World: A Qualitative Analysis2016-06-16Financial servicesFinancial system regulation and policiesPayment clearing and settlement systemsStaff Discussion Paper 2016-14https://www.bankofcanada.ca/wp-content/uploads/2016/06/sdp2016-14.pdfClearing and Settlement Systems from Around the World: A Qualitative AnalysisMichael TompkinsAriel OlivaresJune 2016EE4E42LL1L14L15L5L52Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework
https://www.bankofcanada.ca/2015/09/discussion-paper-2015-6/
The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association (CPA) is on a path to modernize Canada’s core payment systems.2015-09-16T15:39:11+00:00enPublic Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework2015-09-16Economic modelsFinancial servicesFinancial system regulation and policiesPayment clearing and settlement systemsDiscussion Paper 2015-6 https://www.bankofcanada.ca/wp-content/uploads/2015/09/dp2015-6.pdfPublic Policy Objectives and the Next Generation of CPA Systems: An Analytical FrameworkJames ChapmanJonathan ChiuSajjad JafriHéctor Pérez SaizSeptember 2015EE4E42LL1L14L15L5L52Filling in the Blanks: Network Structure and Interbank Contagion
https://www.bankofcanada.ca/2014/06/working-paper-2014-26/
The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy serves as the leading method for estimating counterparty exposures.2014-06-18T11:49:45+00:00enFilling in the Blanks: Network Structure and Interbank Contagion2014-06-18Econometric and statistical methodsFinancial institutionsFinancial stabilityWorking Paper 2014-26https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-26.pdfFilling in the Blanks: Network Structure and Interbank ContagionKartik AnandBen CraigGoetz von PeterJune 2014CC6C63DD8D85GG2G21LL1L14What To Do about Bilateral Credit Limits in the LVTS When a Closure Is Anticipated: Risk versus Liquidity Sharing among LVTS Participants
https://www.bankofcanada.ca/2008/09/discussion-paper-2008-13/
The authors examine the effect of a trade-off between shared credit risk and liquidity efficiency, among participants in Tranche 2 of the Large Value Transfer System (LVTS T2), on their decisions to leave open, or close, their bilateral credit limits (BCLs) to a participant at risk of imminent closure.2008-09-25T14:22:00+00:00enWhat To Do about Bilateral Credit Limits in the LVTS When a Closure Is Anticipated: Risk versus Liquidity Sharing among LVTS Participants2008-09-25Financial institutionsFinancial servicesPayment clearing and settlement systemsDiscussion Paper 2008-13https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-13.pdfWhat To Do about Bilateral Credit Limits in the LVTS When a Closure Is Anticipated: Risk versus Liquidity Sharing among LVTS ParticipantsSean O'ConnorGreg CaldwellSeptember 2008GG2G21LL1L13L14Liquidity Efficiency and Distribution in the LVTS: Non-Neutrality of System Changes under Network Asymmetry
https://www.bankofcanada.ca/2008/07/discussion-paper-2008-11/
The authors consider the liquidity efficiency of Tranche 2 of the Large Value Transfer System (LVTS T2) by examining, through an empirical analysis, some plausible strategic reactions of individual participants to a systemwide shock to available liquidity in the system.2008-07-25T13:58:03+00:00enLiquidity Efficiency and Distribution in the LVTS: Non-Neutrality of System Changes under Network Asymmetry2008-07-25Financial institutionsFinancial servicesPayment clearing and settlement systemsDiscussion Paper 2008-11https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-11.pdfLiquidity Efficiency and Distribution in the LVTS: Non-Neutrality of System Changes under Network AsymmetrySean O'ConnorJames ChapmanKirby MillarJuly 2008GG2G21LL1L13L14