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8736 Results

Volatility Risk and Economic Welfare

Staff working paper 2017-20 Shaofeng Xu
This paper examines the effects of time-varying volatility on welfare. I construct a tractable endogenous growth model with recursive preferences, stochastic volatility, and capital adjustment costs.
May 25, 2017

Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.

Content Type(s): Publications, Financial System Review articles JEL Code(s): E, E4, E42, E5, E58, G, G2, G28
May 24, 2017

Payments Canada - Speech (Webcasts)

Upgrading the Payments Grid: The Payoffs Are Greater Than You Think - Deputy Governor Sylvain Leduc speaks before Payments Canada. (12:00 (ET) approx.)
May 24, 2017

Collaboration on the regulatory agenda

We help manage the benefits and risks of fintech and digital currencies at the international level through our work with the Financial Stability Board, the International Monetary Fund and the Bank for International Settlements.
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