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3541 Results

Unmet Payment Needs and a Central Bank Digital Currency

We discuss the payment habits of Canadians both in the current payment environment and in a hypothetical cashless environment.

Prudential Liquidity Regulation in Banking—A Literature Review

Staff discussion paper 2018-8 Adi Mordel
Prudential liquidity requirements are a relatively recent regulatory tool on the international front, introduced as part of the Basel III accord in the form of a liquidity coverage ratio (LCR) and a net stable funding ratio (NSFR). I first discuss the rationale for regulating bank liquidity by highlighting the market failures that it addresses while reviewing key theoretical contributions to the literature on the motivation for prudential liquidity regulation.

Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms

We use four decades of Canadian matched employer-employee data to explore how inequality and the dynamics of individual earnings have evolved over time in Canada. We also examine how the earnings growth of individuals is related to the growth of their employers.

The Welfare Effects of Protection: A General Equilibrium Analysis of Canada’s National Policy

Staff working paper 2017-18 Patrick Alexander, Ian Keay
In this paper, we study the impact of Canada’s adoption of protectionist trade policy in 1879 on Canadian welfare. Under the National Policy the Canadian average weighted tariff increased from 14% to 21%. The conventional view is that this was a distortionary policy that negatively affected Canadian welfare.

Dynamic Competition in Negotiated Price Markets

Staff working paper 2020-22 Jason Allen, Shaoteng Li
Repeated interactions between borrowers and lenders create the possibility of dynamic pricing: lenders compete aggressively with low prices to attract new borrowers and then raise their prices once borrowers have made a commitment. We find such pricing patterns in the Canadian mortgage market.

Gender Gaps in Time Use and Entrepreneurship

Staff working paper 2024-43 Pedro Bento, Lin Shao, Faisal Sohail
The prevalence of entrepreneurs, particularly low-productivity non-employers, declines as economies develop. This decline is more pronounced for women. Relative to men, women are more likely to be entrepreneurs in poor economies but less likely in rich economies.
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