Retrieving Implied Financial Networks from Bank Balance-Sheet and Market Data Staff Working Paper 2017-30 Jose Fique In complex and interconnected banking systems, counterparty risk does not depend only on the risk of the immediate counterparty but also on the risk of others in the network of exposures. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): C, C6, C63, D, D8, D85, G, G2, G21
Information Contagion and Systemic Risk Staff Working Paper 2017-29 Co-Pierre Georg, Toni Ahnert We examine the effect of ex-post information contagion on the ex-ante level of systemic risk defined as the probability of joint bank default. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): G, G0, G01, G1, G11, G2, G21
July 21, 2017 Weekly Financial Statistics - 21 July 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks Staff Discussion Paper 2017-10 Meyer Aaron, Francisco Rivadeneyra, Samantha Sohal We investigate the risks and opportunities to the mandates of central banks arising from fintech developments. Content Type(s): Staff research, Staff discussion papers Topic(s): Central bank research, Digital currencies and fintech, Financial institutions, Payment clearing and settlement systems JEL Code(s): E, E4, E42, G, G1, G2, L, L1
July 20, 2017 P2P Financial Systems International Workshop Co-sponsored by The Bank of Canada, this workshop is the major cross-sectoral platform bringing together scholars, regulators and practitioners interested in P2P economics. The aim is to trigger debate and bridge the gap between academics, technologists, policy makers, regulators and FinTech experts addressing questions of practical importance on digital currencies and Blockchain technologies, P2P lending and Crowdfunding, Digital Money Transfer, Mobile Banking and Mobile Payments
July 20, 2017 Canadian Effective Exchange Rates The CEER index is a weighted average of bilateral exchange rates for the Canadian dollar against the currencies of Canada’s major trading partners.
Adoption of a New Payment Method: Theory and Experimental Evidence Staff Working Paper 2017-28 Jasmina Arifovic, John Duffy, Janet Hua Jiang We model the introduction of a new payment method, e.g., e-money, that competes with an existing payment method, e.g., cash. The new payment method involves relatively lower per-transaction costs for both buyers and sellers, but sellers must pay a fixed fee to accept the new payment method. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): C, C3, C35, C8, C83, C9, C92, E, E4, E41