April 29, 2014
Posts
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April 28, 2014
Government of Canada issues its first ultra-long bond
Today, the Government of Canada announced that it successfully issued $1,500 million in 50-year bonds through the syndication process. -
E-Money: Efficiency, Stability and Optimal Policy
What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e-money system necessarily stable? What is the optimal way to design an efficient and stable e-money scheme? -
The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes
In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes. -
Electronic Money and Payments: Recent Developments and Issues
The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications. -
April 28, 2014
Government of Canada considering ultra-long bond issuance
As noted in the Debt Management Strategy for 2014-15, the Government of Canada has been engaged in the assessment of potential benefits of issuing bonds with a maturity of 50 years. -
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April 24, 2014
Economic Adjustments Will Bring Benefits to All, Says Bank of Canada Governor Stephen S. Poloz
Some Canadian sectors and regions are hot and some are not, but all will ultimately reap the benefits of the country’s rich resource endowment, even as some difficult adjustments take place, Bank of Canada Governor Stephen S. Poloz said today in Saskatoon. Canada has been adjusting to two major economic shocks in recent years, Governor […] -
April 24, 2014
Canada’s Hot - and Not - Economy
Bank of Canada Governor Stephen S. Poloz discusses the forces fuelling the differences between the hot - and not so hot - sectors of the economy and regions of the country. -
Canadian Non-Energy Exports: Past Performance and Future Prospects
Canada has continued to lose market share in the United States since the Great Recession, beyond what our bilateral competitiveness measures (relative unit labour costs) would suggest.