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83
result(s)
Electronic Money and Payments: Recent Developments and Issues
Staff Discussion Paper 2014-2
Ben Fung,
Miguel Molico,
Gerald Stuber
The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Digital currencies and fintech,
Financial services,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E41,
E42
Cash Management and Payment Choices: A Simulation Model with International Comparisons
Staff Working Paper 2013-53
Carlos Arango,
Yassine Bouhdaoui,
David Bounie,
Martina Eschelbach,
Lola Hernández
Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of payment instruments by transaction size.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Financial services,
International topics
JEL Code(s):
C,
C6,
C61,
E,
E4,
E41,
E47
Some Economics of Private Digital Currency
Staff Working Paper 2013-38
Joshua S. Gans,
Hanna Halaburda
This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Digital currencies and fintech,
Economic models,
Payment clearing and settlement systems
JEL Code(s):
D,
D4,
D42,
E,
E4,
L,
L5,
L51
The Threat of Counterfeiting in Competitive Search Equilibrium
Staff Working Paper 2013-22
Enchuan Shao
Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes, counterfeiting does not occur in a pooling equilibrium. In this paper, I investigate the robustness of this non-existence result by considering an alternative trading mechanism.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes
JEL Code(s):
D,
D8,
D82,
D83,
E,
E4,
E42
The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results
Staff Discussion Paper 2012-6
Carlos Arango,
Angelika Welte
The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Financial services,
Payment clearing and settlement systems
JEL Code(s):
E,
E4
Why Do Shoppers Use Cash? Evidence from Shopping Diary Data
Staff Working Paper 2012-24
Naoki Wakamori,
Angelika Welte
Recent studies find that cash remains a dominant payment choice for small-value transactions despite the prevalence of alternative means of payment such as debit and credit cards. For policy makers an important question is whether consumers truly prefer using cash or merchants restrict card usage.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Econometric and statistical methods,
Financial services
JEL Code(s):
C,
C2,
D,
D1,
G,
G2
Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey
Staff Discussion Paper 2012-2
Carlos Arango,
Dylan Hogg,
Alyssa Lee
The authors present key insights from the Bank of Canada’s 2009 Methods-of-Payment survey. In the survey, about 6,800 participants completed a questionnaire with detailed information regarding their personal finances, as well as their use and perceptions of different payment methods.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Financial services
JEL Code(s):
D,
D1,
D12,
E,
E4,
E41,
L,
L8,
L81
How Do You Pay? The Role of Incentives at the Point-of-Sale
Staff Working Paper 2011-23
Carlos Arango,
Kim Huynh,
Leonard Sabetti
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Econometric and statistical methods,
Financial services
JEL Code(s):
C,
C3,
C35,
C8,
C83,
E,
E4,
E41
Counterfeit Quality and Verification in a Monetary Exchange
Staff Working Paper 2011-4
Ben Fung,
Enchuan Shao
Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are inconsistent with the observation that counterfeiting of bank notes has been a serious problem in some countries.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes
JEL Code(s):
D,
D8,
D82,
D83,
E,
E4,
E42,
E5,
E50