Bank notes

• Cash Management and Payment Choices: A Simulation Model with International Comparisons

  Staff Working Paper 2013-53 Carlos Arango, Yassine Bouhdaoui, David Bounie, Martina Eschelbach, Lola Hernández

  Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of payment instruments by transaction size.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Financial services, International topics JEL Code(s): C, C6, C61, E, E4, E41, E47

• Some Economics of Private Digital Currency

  Staff Working Paper 2013-38 Joshua S. Gans, Hanna Halaburda

  This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes, Digital currencies and fintech, Economic models, Payment clearing and settlement systems JEL Code(s): D, D4, D42, E, E4, L, L5, L51
• November 7, 2013

  Bank of Canada Issues $5 and $10 Polymer Bank Notes

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the entry into circulation of the new $5 and $10 polymer bank notes. Starting today, these final two notes in the new polymer Frontiers series will be available at financial institutions across Canada.

  Content Type(s): Press, Press releases Research Topic(s): Bank notes
• November 7, 2013

  $5 and $10 Bank Note Issue

  Remarks Stephen S. Poloz Canadian Space Agency Saint Hubert, Québec

  Governor Stephen S. Poloz announces the entry into circulation of the new $5 and $10 polymer bank notes.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Bank notes
• November 7, 2013

  $5 and $10 Bank Note Issue

  Remarks Tiff Macklem Vancouver Train Station Vancouver, British Columbia

  Senior Deputy Governor Tiff Macklem announces the entry into circulation of the new $5 and $10 polymer bank notes.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Bank notes
• August 20, 2013

  Bank of Canada Announces the Recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce the recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Press releases Research Topic(s): Bank notes

• The Threat of Counterfeiting in Competitive Search Equilibrium

  Staff Working Paper 2013-22 Enchuan Shao

  Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes, counterfeiting does not occur in a pooling equilibrium. In this paper, I investigate the robustness of this non-existence result by considering an alternative trading mechanism.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Bank notes JEL Code(s): D, D8, D82, D83, E, E4, E42
• April 30, 2013

  Bank Note Unveiling

  Remarks Mark Carney Ottawa, Ontario

  Governor Mark Carney with Minister of Finance Jim Flaherty, Mr. Paul G. Smith, Chairman of the Board at VIA Rail Canada and Canadian Space Agency Astronaut Chris Hadfield, Commander of the International Space Station (by satellite), unveil the final two notes of the new Polymer bank note series.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Bank notes
• April 30, 2013

  Bank of Canada Unveils New $5 and $10 Polymer Bank Notes

  Media Relations Ottawa, Ontario

  Canada’s new and more secure $5 and $10 polymer bank notes were unveiled today at the Bank of Canada’s Ottawa head office, and from aboard the International Space Station.

  Content Type(s): Press, Press releases Research Topic(s): Bank notes
• November 15, 2012

  The Changing Landscape for Retail Payments in Canada and the Implications for the Demand for Cash

  Bank of Canada Review - Autumn 2012 Carlos Arango, Kim Huynh, Ben Fung, Gerald Stuber

  Over the past 20 years, there has been a major shift away from the use of paper-based retail payment instruments, such as cash and cheques, toward electronic means of payment, such as debit cards and credit cards. Recent Bank of Canada research on consumers’ choice of payment instruments indicates that cash is frequently used for transactions with low values because of its speed, ease of use and wide acceptance, while debit and credit cards are more commonly used for transactions with higher values because of perceived attributes such as safety and record keeping. While innovations in retail payments currently being introduced into the Canadian marketplace could lead to a further reduction in the use of cash over the longer term, the implications for the use of cash of some of the structural and regulatory developments under way are less clear.

  Content Type(s): Publications, Bank of Canada Review articles Research Topic(s): Bank notes, Econometric and statistical methods, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): C, C8, C83, E, E4, E42, G, G2, G28