Posts

• July 8, 2020

  2020-21 Debt Management Strategy

  Today, the Debt Management Strategy for 2020-21 is being published by the Government of Canada.

  Content Type(s): Press, Market notices

• Ten Isn’t Large! Group Size and Coordination in a Large-Scale Experiment

  Staff Working Paper 2020-30 Jasmina Arifovic, Cars Hommes, Anita Kopányi-Peuker, Isabelle Salle

  Economic activities typically involve coordination among a large number of agents. These agents have to anticipate what other agents think before making their own decisions.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Financial stability JEL Code(s): C, C9, C92, D, D8, D83, D9, D90, G, G2, G20

• Maturity Composition and the Demand for Government Debt

  Staff Working Paper 2020-29 Jason Allen, Jakub Kastl, Milena Wittwer

  The main objectives of debt management are to raise stable and low-cost funding to meet the government’s financial needs and to maintain a well-functioning market for government securities.

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management, Financial markets JEL Code(s): C, C1, C14, D, D4, D44, E, E5, E58, G, G1, G12

• Non-competing Data Intermediaries

  Staff Working Paper 2020-28 Shota Ichihashi

  I study a model of competing data intermediaries (e.g., online platforms and data brokers) that collect personal data from consumers and sell it to downstream firms.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): D, D4, D42, D43, D8, D80, L, L1, L12

• Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies

  Staff Working Paper 2020-27 Rodney J. Garratt, Maarten van Oordt

  Can Bitcoin survive? Some say it will become vulnerable to attacks as the rewards for processing Bitcoin transactions continue to decline. The economics of fixed costs suggest the specialized hardware used to mine Bitcoin may be key to its survival.

  Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): G, G1, G10, L, L1, L11
• July 6, 2020

  A road map to payment systems

  

  Paul Miller, Ariel Olivares

  Your money on the move

  Content Type(s): Publications, The Economy, Plain and Simple Topic(s): Payment clearing and settlement systems
• July 6, 2020

  Business Outlook Survey—Summer 2020

  Results from the summer Business Outlook Survey suggest that business sentiment is strongly negative in all regions and sectors due to impacts from the COVID 19 pandemic and the drop in oil prices. Firms reported that weak demand is reducing both capacity pressures and expectations for price growth.

  Content Type(s): Publications, Business Outlook Survey
• July 6, 2020

  Canadian Survey of Consumer Expectations—Second Quarter of 2020

  The Canadian Survey of Consumer Expectations (CSCE) focuses on respondents’ views on inflation, the labour market and household finances. The survey for the second quarter of 2020 was conducted from May 11 to June 1, 2020. Given the ongoing pandemic, in this survey, specific questions were added about the impact on Canadians of COVID‑19 and the measures to contain the spread of the virus.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations

• The potential effect of a central bank digital currency on deposit funding in Canada

  Staff Analytical Note 2020-15 Alejandro García, Bena Lands, Xuezhi Liu, Joshua Slive

  A retail central bank digital currency denominated in Canadian dollars could, in theory, create competition for bank deposit funding.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Digital currencies and fintech, Financial institutions, Financial stability JEL Code(s): E, E4, E41, E44, E5, G, G1, G10, G17, G2, G21, G3, G32, O

• COVID-19 and bond market liquidity: alert, isolation and recovery

  Staff Analytical Note 2020-14 Jean-Sébastien Fontaine, Hayden Ford, Adrian Walton

  The disruption due to COVID-19 reverberated through the bond markets in three phases. In the first phase, dealers met the rising demand for liquidity. In the second, dealers reduced the supply of liquidity, and trading conditions worsened significantly. Finally, the market returned to relative stability following several interventions by the Bank of Canada.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Coronavirus disease (COVID-19), Financial markets, Monetary policy JEL Code(s): E, E4