L51 - Economics of Regulation - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T00:45:26+00:00Competition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-43/
This paper studies the music streaming industry and argues that having exclusive rights granted by copyright law drives firms to offer exclusive content to lock in customers. I employ theoretical and descriptive empirical analysis, along with a dynamic structural model, to support the argument and explore policies for improving competition.2023-08-16T11:11:34+00:00enCompetition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China2023-08-16Econometric and statistical methodsFirm dynamicsMarket structure and pricingStaff Working Paper 2023-43https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-43.pdfStaff Working Paper 2023-43Youming LiuAugust 2023LL1L13L4L42L5L51Addictive Platforms
https://www.bankofcanada.ca/2022/04/staff-working-paper-2022-16/
We study competition for consumer attention, in which platforms can sacrifice service quality for attention. A platform can choose the “addictiveness” of its service.2022-04-04T11:18:35+00:00enAddictive Platforms2022-04-04Economic modelsStaff Working Paper 2022-16https://www.bankofcanada.ca/wp-content/uploads/2022/04/swp2022-16.pdfAddictive PlatformsShota IchihashiByung-Cheol KimApril 2022DD4D40LL5L51Flight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-29/
Deposit insurance protects depositors from failing banks, thus making insured deposits risk-free. When a deposit insurance limit is increased, some deposits that previously were uninsured become insured, thereby increasing the share of risk-free assets in households’ portfolios. This increase cannot simply be undone by households, because to invest in uninsured deposits, a household must first invest in insured deposits up to the limit. This basic insight is the starting point of the analysis in this paper.2019-08-15T07:54:52+00:00enFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation2019-08-15Financial institutionsFinancial system regulation and policiesStaff Working Paper 2019-29https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-29.pdfFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio AllocationH. Evren DamarReint GroppAdi MordelAugust 2019DD1D14GG2G21G28LL5L51On the Essentiality of E-Money
https://www.bankofcanada.ca/2015/11/staff-working-paper-2015-43/
Recent years have witnessed the advances of e-money systems such as Bitcoin, PayPal and various forms of stored-value cards. This paper adopts a mechanism design approach to identify some essential features of different payment systems that implement and improve the constrained optimal resource allocation.2015-11-20T08:40:57+00:00enOn the Essentiality of E-Money2015-11-20Bank notesDigital currencies and fintechPayment clearing and settlement systemsStaff Working Paper 2015-43https://www.bankofcanada.ca/wp-content/uploads/2015/11/wp2015-43.pdfOn the Essentiality of E-MoneyJonathan ChiuTsz-Nga WongNovember 2015EE4E42E5E58LL5L51E-Money: Efficiency, Stability and Optimal Policy
https://www.bankofcanada.ca/2014/04/working-paper-2014-16/
What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e-money system necessarily stable? What is the optimal way to design an efficient and stable e-money scheme?2014-04-28T11:22:07+00:00enE-Money: Efficiency, Stability and Optimal Policy2014-04-28Bank notesDigital currencies and fintechPayment clearing and settlement systemsWorking Paper 2014-16https://www.bankofcanada.ca/wp-content/uploads/2014/04/wp2014-16.pdfE-Money: Efficiency, Stability and Optimal PolicyJonathan ChiuTsz-Nga WongApril 2014EE4E42E5E58LL5L51Some Economics of Private Digital Currency
https://www.bankofcanada.ca/2013/11/working-paper-2013-38/
This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits.2013-11-12T11:44:31+00:00enSome Economics of Private Digital Currency2013-11-12Bank notesDigital currencies and fintechEconomic modelsPayment clearing and settlement systemsWorking Paper 2013-38https://www.bankofcanada.ca/wp-content/uploads/2013/11/wp2013-38.pdfSome Economics of Private Digital CurrencyJoshua S. GansHanna HalaburdaNovember 2013DD4D42EE4LL5L51