Bio

Mitchell Nicholson is an economist in Economic Research and Analysis Division of the Currency Department. Mitchell obtained a B.A. in Economics and a B.Sc in Mathematics from the University of Western Ontario. He also graduated with a M.A. in Economics from the University of British Columbia. His primary research interests include the institutional structure and regulatory policies surrounding cryptocurrencies. He is also interested in researching Canadians' use of cash and the rationale for central banks to issue central bank digital currencies.


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Staff Analytical Notes

2018 Merchant Acceptance Survey

Staff Analytical Note 2019-31 Kim Huynh, Gradon Nicholls, Mitchell Nicholson
In 2015, the Bank of Canada surveyed merchants and found that cash was nearly universally accepted (Fung, Huynh and Kosse 2017). Since 2015, retail payments in Canada have become increasingly digitalized, as many Canadians have adopted digital payment innovations like contactless cards and Interac e-Transfer.

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Staff Discussion Papers

Cash and COVID-19: The impact of the pandemic on demand for and use of cash

Consumer spending declined significantly during the recent COVID-19 pandemic. This negative shock likely reduced spending across all methods of payment (cash, debit, credit, etc.). The mix of payment methods consumers use could also be affected. We study how the pandemic has influenced the demand for and use of cash. We also offer insights into the use of other payment methods, such as debit and credit cards.

2018 Bitcoin Omnibus Survey: Awareness and Usage

The Bank of Canada continues to use the Bitcoin Omnibus Survey (BTCOS) to monitor trends in Canadians’ awareness, ownership and use of Bitcoin. The most recent iteration was conducted in late 2018, following an 85 percent decline in the price of Bitcoin throughout the year.

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