February 17, 2011 Payment Networks: A Review of Recent Research Bank of Canada Review - Winter 2010-2011 James Chapman, Lana Embree, Tom Roberts, Nellie Zhang In this article, the authors review work done at the Bank of Canada and at other central banks with the relatively new application of network analysis to the study of payments systems. Content Type(s): Publications, Bank of Canada Review articles
March 18, 2014 Redefining the Limits to Growth Remarks Stephen S. Poloz Halifax Chamber of Commerce Halifax, Nova Scotia Bank of Canada Governor Stephen S. Poloz discusses the forces that are holding back economic growth in Canada and the world. Content Type(s): Press, Speeches and appearances, Remarks
Dynamic Privacy Choices Staff working paper 2022-8 Shota Ichihashi Consumers often express concerns about lack of privacy, but they still give up a lot of data to digital platforms. This paper builds a dynamic game-theoretic model of data collection and privacy protection, which potentially explains consumers’ behaviour. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D8, D82, D83 Research Theme(s): Models and tools, Economic models, Money and payments, Digital assets and fintech
Adverse Selection with Heterogeneously Informed Agents Staff working paper 2018-7 Mohammad Davoodalhosseini A model of over-the-counter markets is proposed. Some asset buyers are informed in that they can identify high quality assets. Heterogeneous sellers with private information choose what type of buyers they want to trade with. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D4, D40, D8, D82, D83, G, G0, G01, G1, G10, G2, G20 Research Theme(s): Financial markets and funds management, Market structure, Financial system, Financial stability and systemic risk, Models and tools, Economic models
November 28, 2005 Investing in Productivity Remarks David Dodge Canadian Council for Public-Private Partnerships Toronto, Ontario Measures of productivity tell us how much output we produce from the use of tangible inputs - such as skilled workers and capital equipment - and intangible inputs - such as technological advances and managerial and entrepreneurial know-how. Productivity rises over time as we boost output by finding new and more efficient ways to use these inputs. Content Type(s): Press, Speeches and appearances, Remarks
October 17, 2019 Conference on the Economics of Central Bank Digital Currency by the Bank of Canada and Sveriges Riksbank The Bank of Canada and Sveriges Riksbank jointly organized this conference on October 17 and 18, 2019 at the Bank of Canada headquarters in Ottawa, Ontario. The event aimed at providing a forum for central bankers and academic researchers to discuss the arguments for and against the issuance of CBDC and under what conditions, if any, governments should issue their own digital currencies. Content Type(s): Conferences and workshops
October 10, 2007 The Canadian Journey: An Odyssey into the Complex World of Bank Note Production Bank of Canada Review - Autumn 2007 Jill Moxley, Helen Meubus, Maura Brown For many years, the Bank of Canada successfully responded to occasional eruptions in counterfeiting by improving the security features on bank notes. The surge in counterfeiting that occurred while the Bank prepared to launch the Canadian Journey series, however, reflected increasingly rapid advances in computer technology that were changing the counterfeiting environment. The article describes these and other challenges that affected the new series and describes how the Bank developed a comprehensive new approach to its currency program and incorporated the valuable lessons it learned from these challenges. Designed to combat counterfeiting and meet the needs of the public, the new strategy includes increased research and development on new bank note security features, an intensified focus on retailer and public education, and a focus on law enforcement. Content Type(s): Publications, Bank of Canada Review articles
Implementing Market-Based Indicators to Monitor Vulnerabilities of Financial Institutions Staff analytical note 2016-5 Cameron MacDonald, Maarten van Oordt, Robin Scott This note introduces several market-based indicators and examines how they can further inform the Bank of Canada’s vulnerability assessment of Canadian financial institutions. Market-based indicators of leverage suggest that the solvency risk for major Canadian banks has increased since the beginning of the oil-price correction in the second half of 2014. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G10, G2, G21 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk
Digital Payments in Firm Networks: Theory of Adoption and Quantum Algorithm Staff working paper 2024-17 Sofia Priazhkina, Samuel Palmer, Pablo Martín-Ramiro, Román Orús, Samuel Mugel, Vladimir Skavysh We build a network formation game of firms with trade flows to study the adoption and usage of a new digital currency as an alternative to correspondent banking. Content Type(s): Staff research, Staff working papers JEL Code(s): C, C6, C7, C71, D, D4, D8, D85, G, L, L2, L22 Research Theme(s): Models and tools, Economic models, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
Measuring Vulnerabilities in the Non-Financial Corporate Sector Using Industry- and Firm-Level Data Staff analytical note 2018-17 Timothy Grieder, Michal Lipsitz Aggregate non-financial corporate debt-to-GDP has been growing rapidly in recent years and is at an all-time high. This growth began in 2011 and accelerated as the oil price shock affected the Canadian economy. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G0, G01, G3, G32 Research Theme(s): Financial system, Financial stability and systemic risk, Household and business credit