Varya Taylor

Principal Analyst

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Staff Discussion Papers

Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment

Staff Discussion Paper 2014-4 Nicholas Labelle, Varya Taylor
A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation.

The Role of Convenience and Risk in Consumers' Means of Payment

Staff Discussion Paper 2009-8 Carlos Arango, Varya Taylor
Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them more frequently.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Bank notes JEL Code(s): E, E4, E41, L, L2

Merchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian Survey

Staff Discussion Paper 2008-12 Carlos Arango, Varya Taylor
Using the results of a survey on accepted means of payment, the authors examine merchant preferences and perceptions of retail payment reliability, risk, and costs; the share of each type of payment method over total sales; and the costs involved in accepting payments.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Bank notes JEL Code(s): E, E4, E41, L, L2

Staff Working Papers

Examining Full Collateral Coverage in Canada’s Large Value Transfer System

Staff Working Paper 2015-29 Lana Embree, Varya Taylor
The Large Value Transfer System (LVTS) is Canada’s main electronic interbank funds transfer system that financial institutions use daily to transmit thousands of payments worth several billions of dollars.