53
result(s)
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.
Content Type(s):
Staff Research,
Staff Analytical Notes
Topic(s):
Bank notes,
Digital Currencies and Fintech,
Econometric and statistical methods
JEL Code(s):
C,
C8,
D,
D2,
D22,
E,
E4,
L,
L2
2018 Bitcoin Omnibus Survey: Awareness and Usage
Staff Discussion Paper 2019-10
Christopher Henry,
Kim Huynh,
Gradon Nicholls,
Mitchell Nicholson
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.
Content Type(s):
Staff Research,
Staff Discussion Papers
Topic(s):
Bank notes,
Digital Currencies and Fintech,
Econometric and statistical methods
JEL Code(s):
C,
C1,
C12,
E,
E4,
O,
O5,
O51
Cashless Bank Branches in Canada
Staff Analytical Note 2019-29
Walter Engert,
Ben Fung
Cashless or tellerless bank branches have proliferated in several countries in recent years. In a cashless bank branch, teller or counter services such as cash withdrawals, deposits and cheque-cashing are not available.
Content Type(s):
Staff Research,
Staff Analytical Notes
Topic(s):
Bank notes,
Digital Currencies and Fintech,
Financial services
JEL Code(s):
E,
E4,
E41,
E42,
E5,
E51
The Economics of Cryptocurrencies—Bitcoin and Beyond
Staff Working Paper 2019-40
Jonathan Chiu,
Thorsten Koeppl
Since the creation of Bitcoin in 2009, over 2,000 cryptocurrencies have been issued. We evaluate how well a cryptocurrency functions as a payment system.
Content Type(s):
Staff Research,
Staff Working Papers
Topic(s):
Digital Currencies and Fintech,
Monetary Policy,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E5,
L,
L5
Explaining the Interplay Between Merchant Acceptance and Consumer Adoption in Two-Sided Markets for Payment Methods
Staff Working Paper 2019-32
Kim Huynh,
Gradon Nicholls,
Oleksandr Shcherbakov
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.
Content Type(s):
Staff Research,
Staff Working Papers
Topic(s):
Bank notes,
Digital Currencies and Fintech,
Econometric and statistical methods,
Financial services
JEL Code(s):
C,
C5,
C51,
L,
L1,
L13,
L15,
L8,
L81,
L9,
L96
A Tale of Two Countries: Cash Demand in Canada and Sweden
Staff Discussion Paper 2019-7
Walter Engert,
Ben Fung,
Björn Segendorf
Cash use for payments has been steadily decreasing in many countries, including Canada and Sweden. This might suggest an evolution toward a cashless society. But in Canada, cash in circulation relative to GDP has been stable for decades and has even increased in recent years. By contrast, the cash-to-GDP ratio in Sweden has been falling steadily. What has caused this difference? Are there lessons to be learned from comparing the Canadian and Swedish experiences?
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,
E5
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
Topic(s):
Bank notes,
Digital Currencies and Fintech,
Financial services
JEL Code(s):
E,
E4,
E41,
E42,
E5,
E58
Privacy as a Public Good: A Case for Electronic Cash
Staff Working Paper 2019-24
Rod Garratt,
Maarten van Oordt
Cash gives users a high level of privacy when making payments, but the use of cash to make payments is declining. People increasingly use debit cards, credit cards or other methods to pay.
Content Type(s):
Staff Research,
Staff Working Papers
Topic(s):
Bank notes,
Central bank research,
Digital Currencies and Fintech,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
G,
G2,
G28
Central Bank Digital Currency and Banking
Staff Working Paper 2019-20
Jonathan Chiu,
Mohammad Davoodalhosseini,
Janet Hua Jiang,
Yu Zhu
Many central banks are considering whether to issue a new form of electronic money that would be accessible to the public. This new form is usually called a central bank digital currency (CBDC). Issuing a CBDC would have implications for the financial system and, more broadly, the wider economy.
Content Type(s):
Staff Research,
Staff Working Papers
Topic(s):
Digital Currencies and Fintech,
Market structure and pricing,
Monetary Policy,
Monetary policy framework
JEL Code(s):
E,
E5,
E50,
E58
Crypto ‘Money’: Perspective of a Couple of Canadian Central Bankers
Staff Discussion Paper 2019-1
James Chapman,
Carolyn A. Wilkins
The market for cryptoassets has exploded in size in the 10 years since bitcoin was launched. The technology underlying cryptoassets, blockchain, has also been held up as a technology that promises to transform entire industries.
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,
E5,
E51,
E58,
H,
H4,
P,
P4,
P43