Privacy as a Public Good: A Case for Electronic Cash Staff working paper 2019-24 Rodney J. 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 JEL Code(s): E, E4, E42, G, G2, G28 Research Theme(s): Money and payments, Cash and bank notes, Digital assets and fintech, Retail payments
A central bank digital currency for offline payments Staff analytical note 2023-2 Cyrus Minwalla, John Miedema, Sebastian Hernandez, Alexandra Sutton-Lalani Offline functionality is a key consideration for a potential CBDC. We describe the different types of offline functionality based on their duration outside of network connection—either intermittent (for short periods) or extended (for longer periods). We discuss the advantages and drawbacks of each and consider implications for end-user devices, system resilience and universal accessibility. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E42, E5, E51, E58, O, O3, O31 Research Theme(s): Money and payments, Digital assets and fintech, Payment and financial market infrastructures, Retail payments
November 20, 2009 Liquidity and the Financial System Conference held 20 and 21 November 2009 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
October 7, 2021 Investing in global progress Speech summary Tiff Macklem Council on Foreign Relations Washington, D.C. Governor Tiff Macklem makes the case for greater cooperation to shape a stronger international monetary and financial system. Content Type(s): Press, Speeches and appearances, Speech summaries Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
January 31, 2025 Glossary of terms about retail payments Read the definitions of terms about retail payments supervision used in Bank of Canada supervisory policies and guidelines.
June 21, 2008 Family Values: Ownership Structure, Performance, and Capital Structure of Canadian Firms Financial System Review - June 2008 Michael R. King, Eric Santor Content Type(s): Publications, Financial System Review articles
The Impact of Unemployment Insurance and Unsecured Credit on Business Cycles Staff working paper 2023-22 Michael Irwin This paper studies how unsecured consumer credit impacts the extent to which unemployment insurance (UI) policies smooth aggregate consumption fluctuations over the business cycle. Using a general equilibrium real business cycle model, I find that unsecured credit amplifies the extent to which UI smooths cyclical consumption fluctuations. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E2, E21, E24, E3, E32, E4, E44, E6, E62 Research Theme(s): Financial system, Household and business credit, Models and tools, Economic models, Monetary policy, Real economy and forecasting
January 17, 2025 Review of the Bank of Canada’s Exceptional Policy Actions During the Pandemic: Executive summary This review looks at the effectiveness of the Bank’s exceptional policy actions during the pandemic. It also draws several lessons that will help shape future decisions should these tools be needed again. Content Type(s): Background materials
August 30, 2013 Research Update - August 2013 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
November 19, 2009 Focus the Debate on International Monetary System Reform, says Bank of Canada Governor Mark Carney Media Relations New York, New York A well-functioning international monetary system is required to promote economic growth and prosperity, Governor Carney said, as he reviewed the evolution of the international monetary system. Content Type(s): Press, Press releases