The Market for Acquiring Card Payments from Small and Medium-Sized Canadian Merchants
This note uses industry data and a unique dataset of small and medium-sized merchants to provide insights into the acquirer-merchant market in Canada.
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3
result(s)
Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency
Staff working paper 2020-7
Kim Huynh,
Jozsef Molnar,
Oleksandr Shcherbakov,
Qinghui Yu
Using a two-stage model, we study the determinants of Canadian consumers’ choices of payment method at the point of sale. We estimate consumer preferences and adoption costs for various combinations of payment methods. We analyze how introducing a central bank digital currency would affect the market equilibrium.
Content Type(s):
Staff research,
Staff working papers
JEL Code(s):
C,
C5,
C51,
E,
E4,
E42,
L,
L1,
L14,
L5,
L52
Research Theme(s):
Models and tools,
Econometric, statistical and computational methods,
Economic models,
Money and payments,
Digital assets and fintech,
Retail payments
Explaining Unusual Cash Patterns in 2018
Staff analytical note 2019-22
Walter Engert,
Ben Fung,
Jozsef Molnar,
Gradon Nicholls
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.
Content Type(s):
Staff research,
Staff analytical notes
JEL Code(s):
E,
E4,
E41,
E42,
E5,
E58
Research Theme(s):
Money and payments,
Cash and bank notes