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3865 Results

July 20, 2010

Bank notes

We supply Canadians with bank notes that they can use with confidence and pride.
April 22, 2021

2020 Financial results

This section provides a narrative discussion outlining the key highlights of the Bank’s financial results for the year ended December 31, 2020.

Laura Zhao

Laura Zhao is currently a principal economist in the Financial Stability Department at the Bank of Canada.

Central Bank Digital Currency and Transmission of Monetary Policy

Using a general equilibrium model with nominal rigidities and financial frictions, we explore whether introducing a central bank digital currency (CBDC) affects the transmission of monetary policy, and how the effects depend on CBDC design features. We also study whether paying interest on central bank liabilities is contractionary or expansionary.
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