Gradon Nicholls - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:37:10+00:00Bitcoin Awareness, Ownership and Use: 2016–20
https://www.bankofcanada.ca/2022/04/staff-discussion-paper-2022-10/
In this paper, we examine trends in Canadian ownership of Bitcoin and other cryptocurrencies from 2016 to 2020 using data from surveys conducted by the Bank of Canada.2022-04-19T09:14:16+00:00enBitcoin Awareness, Ownership and Use: 2016–202022-04-19Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2022-10https://www.bankofcanada.ca/wp-content/uploads/2022/04/sdp2022-10.pdfBitcoin Awareness, Ownership and Use: 2016–20Daniela BalutelMarie-Hélène FeltGradon NichollsMarcel VoiaApril 2022CC1C12EE4OO5O51Equilibrium 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 2022CC5C51DD1D12EE4E42LL1L14Cash and COVID-19: The impact of the second wave in Canada
https://www.bankofcanada.ca/2021/07/staff-discussion-paper-2021-12/
The COVID-19 pandemic significantly increased the demand for cash. Cash in circulation increased sharply from March through December 2020, particularly in the early months of this period. Although use of electronic methods of payment also increased significantly, cash use for payments remains high for low-value transactions and among certain demographic groups.2021-07-23T15:11:14+00:00enCash and COVID-19: The impact of the second wave in Canada2021-07-23Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2021-12https://www.bankofcanada.ca/wp-content/uploads/2021/07/sdp2021-12.pdfStaff Discussion Paper 2021-12Heng ChenWalter EngertMarie-Hélène FeltKim HuynhGradon NichollsDaneal O’HabibJulia ZhuJuly 2021CC1C12C9EE4OO5O54Cash and COVID-19: The Effects of Lifting Containment Measures on Cash Demand and Use
https://www.bankofcanada.ca/2021/03/staff-discussion-paper-2021-3/
Using Bank Note Distribution System data on the demand for cash up to September 2020, we find that demand was strong. This is true even though cash use for payments declined early in the pandemic. When mobility restrictions and lockdown measures were eased, cash use for payments increased sharply but remained less popular than electronic methods of payment.2021-03-02T11:40:06+00:00enCash and COVID-19: The Effects of Lifting Containment Measures on Cash Demand and Use2021-03-02Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2021-3https://www.bankofcanada.ca/wp-content/uploads/2021/03/sdp2021-3.pdfCash and COVID-19: The Effects of Lifting Containment Measures on Cash Demand and UseHeng ChenWalter EngertKim HuynhGradon NichollsJulia ZhuMarch 2021CC1C12C9EE4OO5O542019 Cash Alternative Survey Results
https://www.bankofcanada.ca/2020/08/staff-discussion-paper-2020-8/
The role of cash in Canadians’ lives has been evolving, as innovations in digital payments have become more widely adopted over the past decade. We contribute to the Bank of Canada’s research on central bank digital currency by monitoring Canadians’ use of cash and their adoption of digital payment methods.2020-08-31T12:29:15+00:00en2019 Cash Alternative Survey Results2020-08-31Bank notesCentral bank researchDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2020-8https://www.bankofcanada.ca/wp-content/uploads/2020/08/sdp2020-8.pdf2019 Cash Alternative Survey ResultsKim HuynhGradon NichollsMitchell NicholsonAugust 2020CC1C12C9EE4OO5O51Cash and COVID-19: The impact of the pandemic on demand for and use of cash
https://www.bankofcanada.ca/2020/07/staff-discussion-paper-2020-6/
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.2020-07-02T14:00:28+00:00enCash and COVID-19: The impact of the pandemic on demand for and use of cash2020-07-02Bank notesCentral bank researchCoronavirus disease (COVID-19)Digital currencies and fintechEconometric and statistical methodsHeng ChenWalter EngertKim HuynhGradon NichollsMitchell NicholsonJulia ZhuJuly 2020CC1C12C9EE4OO5O542018 Merchant Acceptance Survey
https://www.bankofcanada.ca/2019/12/staff-analytical-note-2019-31/
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.2019-12-11T07:23:38+00:00en2018 Merchant Acceptance Survey2019-12-112018 Bitcoin Omnibus Survey: Awareness and Usage
https://www.bankofcanada.ca/2019/11/staff-discussion-paper-2019-10/
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.2019-11-05T11:27:10+00:00en2018 Bitcoin Omnibus Survey: Awareness and Usage2019-11-05Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2019-10https://www.bankofcanada.ca/wp-content/uploads/2019/11/sdp2019-10.pdf2018 Bitcoin Omnibus Survey: Awareness and UsageChristopher HenryKim HuynhGradon NichollsMitchell NicholsonNovember 2019CC1C12EE4OO5O51Explaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-32/
Recent consumer and merchant surveys show a decrease in the use of cash at the point of sale. Increasingly, consumers and merchants have access to a growing array of payment innovations as substitutes for cash.2019-08-27T15:45:06+00:00enExplaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods2019-08-27Bank notesDigital currencies and fintechEconometric and statistical methodsFinancial servicesStaff Working Paper 2019-32https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-32.pdfExplaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment MethodsKim HuynhGradon NichollsOleksandr ShcherbakovAugust 2019CC5C51LL1L13L15L8L81L9L96Explaining Unusual Cash Patterns in 2018
https://www.bankofcanada.ca/2019/07/staff-analytical-note-2019-22/
There was an unusually large decline of bank notes in circulation in October 2018. Some have argued that this was due to the legalization of cannabis in Canada in mid-October.2019-07-29T11:35:47+00:00enExplaining Unusual Cash Patterns in 20182019-07-29