Financial services

• Price Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage Market

  Staff Working Paper 2012-30 Jason Allen, Robert Clark, Jean-François Houde

  This paper measures market power in a decentralized market where contracts are determined through a search and negotiation process. The mortgage industry has many institutional features which suggest competitiveness: homogeneous contracts, negotiable rates, and, for a given consumer, common lending costs across lenders.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services, Market structure and pricing JEL Code(s): D, D4, G, G2, G21, L, L2, L22

• The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results

  Staff Discussion Paper 2012-6 Carlos Arango, Angelika Welte

  The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4