Uncategorized
-
-
September 13, 2018
Bank of Canada Conference on Central Bank Communications
Workshop held on September 13 and 14, 2018. -
September 10, 2018
Bank of Canada calls for nominations for the 2019 Fellowship Program awards
The Bank of Canada is inviting Canadian universities to nominate exceptional academics for its 2019 Fellowship and Governor’s awards. -
September 8, 2018
Investing in Monetary Policy Independence in a Small Open Economy
Governor Poloz discusses policies that can help central banks keep the ability to pursue independent monetary policy in a financially integrated global economy. -
How Long Does It Take You to Pay? A Duration Study of Canadian Retail Transaction Payment Times
Using an exclusive data set of payment times for retail transactions made in Canada, I show that cash is the most time-efficient method of payment (MOP) when compared with payments by debit and credit cards. I model payment efficiency using Cox proportional hazard models, accounting for consumer choice of MOP. -
Blockchain-Based Settlement for Asset Trading
Can securities be settled on a blockchain and, if so, what are the gains relative to existing settlement systems? We consider a blockchain that ensures delivery versus payment by linking transfers of assets with payments and operates using a proof-of-work protocol. The main benefit of a blockchain is faster and more flexible settlement, whereas the challenge is to avoid settlement fails when participants fork the chain to get rid of trading losses. -
Price Selection
We propose a simple, model-free way to measure selection in price setting and its contribution to inflation dynamics. The proposed measure of price selection is based on the observed comovement between inflation and the average level from which adjusting prices depart. -
Market Size and Entry in International Trade: Product Versus Firm Fixed Costs
This paper develops a theoretical framework to infer the nature of fixed costs from the relationship between entry patterns in international markets and destination market size. If fixed costs are at the firm level, firms take advantage of an intrafirm spillover by expanding firm-level product range (scope). -
September 6, 2018
Pioneer Award: Bank of Canada
This article published by Central Banking portrays our Fintech Working Group as the winner of the first Pioneer Award for our broad-based approach on fintech and our work on Project Jasper. -
September 6, 2018
An Update on Canada’s Economic Resilience
Senior Deputy Governor Wilkins discusses economic developments since the July Monetary Policy Report and Governing Council’s deliberations leading to yesterday’s policy rate decision.