C3 - Multiple or Simultaneous Equation Models; Multiple Variables
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Untapped Potential: Mobile Device Ownership and Mobile Payments in Canada
We present a two-stage model of mobile phone and mobile payment usage that controls for selectivity. This reveals unobserved factors that work against having a mobile phone and toward mobile paying. Therefore, people who are unable to acquire or choose not to own a mobile device might have unmet payment needs. -
Decomposing Systemic Risk: The Roles of Contagion and Common Exposures
We examine systemic risks within the Canadian banking sector, decomposing them into three contribution channels: contagion, common exposures, and idiosyncratic risk. Through a structural model, we dissect how interbank relationships and market conditions contribute to systemic risk, providing new insights for financial stability.