Posts

• May 7, 2014

  The Development of Digital Currencies and the Canadian Financial Landscape

  On 2 April, 2014, the Bank of Canada presented an educational session on e-money to the Senate of Canada’s Standing Committee on Banking, Trade and Commerce. The session highlighted recent innovations in Canada’s payments system and the economic needs that these innovations satisfy.

• Multiple Fixed Effects in Binary Response Panel Data Models

  Staff Working Paper 2014-17 Karyne B. Charbonneau

  This paper considers the adaptability of estimation methods for binary response panel data models to multiple fixed effects. It is motivated by the gravity equation used in international trade, where important papers such as Helpman, Melitz and Rubinstein (2008) use binary response models with fixed effects for both importing and exporting countries.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods JEL Code(s): C, C2, C23, C25, F, F1, F14
• May 2, 2014

  Weekly Financial Statistics - 2 May 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• April 30, 2014

  Opening Statement before the Senate Standing Committee on Banking, Trade and Commerce

  Opening statement Stephen S. Poloz Senate Standing Committee on Banking, Trade and Commerce Ottawa, Ontario

  Thank you for the opportunity for Tiff and me to be here today to share with you highlights from the Bank of Canada’s recent economic outlook. The Bank aims to communicate openly and effectively so that Canadians know how we are achieving our mandate to promote the economic and financial welfare of this country. One […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 30, 2014

  Bank of Canada announces appointment of Lynn Patterson as Deputy Governor

  Media Relations Ottawa, Ontario

  The Board of Directors of the Bank of Canada today announced the appointment of Lynn K. Patterson as Deputy Governor effective 5 May 2014.

  Content Type(s): Press, Press releases
• April 29, 2014

  Research Update - April 2014

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• April 29, 2014

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Thank you for the opportunity for Tiff and me to be here today to share with you highlights from the Bank of Canada’s recent economic outlook. The Bank aims to communicate openly and effectively so that Canadians know how we are achieving our mandate to promote the economic and financial welfare of this country. One […]

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 28, 2014

  Government of Canada issues its first ultra-long bond

  Today, the Government of Canada announced that it successfully issued $1,500 million in 50-year bonds through the syndication process.

  Content Type(s): Press, Market notices

• E-Money: Efficiency, Stability and Optimal Policy

  Staff Working Paper 2014-16 Jonathan Chiu, Tsz-Nga Wong

  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?

  Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, L, L5, L51

• The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes

  Staff Working Paper 2014-15 Warren E. Weber

  In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Digital currencies and fintech, Financial services JEL Code(s): E, E4, E41, E42, E5, E58