Posts

• October 12, 2022

  Five things we learned about Canadian Bitcoin owners in 2021

  Daniela Balutel, Walter Engert, Christopher Henry, Kim Huynh, Marcel Voia

  We present key findings from the 2021 Bitcoin Omnibus Survey on Canadians’ awareness and ownership of Bitcoin. Most Canadians have heard of Bitcoin, which remains primarily used as an investment. Ownership jumped in 2021, reflecting increased savings during the pandemic and greater availability of user-friendly platforms to buy Bitcoin.

  Content Type(s): Publications, Financial System Hub articles JEL Code(s): C, C1, C12, E, E4, O, O5, O51

• Grasping De(centralized) Fi(nance) Through the Lens of Economic Theory

  Staff Working Paper 2022-43 Jonathan Chiu, Charles M. Kahn, Thorsten Koeppl

  We analyze the value proposition and limitations of decentralized finance (DeFi). Based on a distributed ledger and smart contracts, DeFi can guarantee the execution of financial contracts, potentially lowering the costs of intermediation and improving financial inclusion.

  Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): G, G2
• October 9, 2022

  Cost of Living, CBC Radio

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with the Cost of Living on CBC Radio

  Content Type(s): Press, Media activities
• October 7, 2022

  CARR agrees to begin process of developing Term CORRA benchmark

  On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities.

  Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group

• Examining recent revisions to CPI-common

  Staff Analytical Note 2022-15 Elyse Sullivan

  Unusually large revisions to CPI-common in recent months stem from increased common movements across consumer price index components amid broad inflationary pressures. With recent revisions, CPI-common is more closely aligned with the Bank of Canada’s other two preferred measures of core inflation. However, caution is necessary when interpreting real-time estimates of CPI-common in the current environment.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C13, C18, E, E3, E31
• October 6, 2022

  Global National

  

  Tiff Macklem, Governor of the Bank of Canada
  Interview with Global National

  Content Type(s): Press, Media activities
• October 6, 2022

  What’s happening to inflation and why it matters

  Remarks Tiff Macklem Halifax Chamber of Commerce Halifax, Nova Scotia

  Governor Tiff Macklem discusses how inflation has evolved in recent months and explains what the Bank is watching as it takes action to return inflation to target.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Price stability, Recent economic and financial developments, Service sector
• October 6, 2022

  Restoring price stability for all Canadians

  Speech summary Tiff Macklem Halifax Chamber of Commerce Halifax, Nova Scotia

  Governor Tiff Macklem explains how inflation in Canada reflects more and more what’s happening with domestic demand and what the Bank is watching as it works to bring inflation back to the 2% target.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Central bank research, Coronavirus disease (COVID-19), Domestic demand and components, Expectations, Inflation and prices, Inflation: costs and benefits, Interest rates, Labour markets, Monetary policy, Monetary policy and uncertainty, Price stability, Recent economic and financial developments, Service sector

• Archetypes for a retail CBDC

  Staff Analytical Note 2022-14 Sriram Darbha

  A variety of technology designs could support retail central bank digital currency (CBDC) systems. We develop five archetypes of CBDC systems, outline their characteristics and discuss their trade-offs. This work serves as a framework to analyze and compare different designs, independent of vendor, platform and implementation.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): E, E4, E42, E5, E51, O, O3
• October 4, 2022

  CORRA Advisory Group Meeting (October 4, 2022)

  Content Type(s): Meetings Source(s): CORRA Advisory Group