Electronic Money and Payments: Recent Developments and Issues
The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications.
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April 28, 2014
Government of Canada considering ultra-long bond issuance
As noted in the Debt Management Strategy for 2014-15, the Government of Canada has been engaged in the assessment of potential benefits of issuing bonds with a maturity of 50 years. -
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April 24, 2014
Economic Adjustments Will Bring Benefits to All, Says Bank of Canada Governor Stephen S. Poloz
Some Canadian sectors and regions are hot and some are not, but all will ultimately reap the benefits of the country’s rich resource endowment, even as some difficult adjustments take place, Bank of Canada Governor Stephen S. Poloz said today in Saskatoon. Canada has been adjusting to two major economic shocks in recent years, Governor […] -
April 24, 2014
Canada’s Hot - and Not - Economy
Bank of Canada Governor Stephen S. Poloz discusses the forces fuelling the differences between the hot - and not so hot - sectors of the economy and regions of the country. -
Canadian Non-Energy Exports: Past Performance and Future Prospects
Canada has continued to lose market share in the United States since the Great Recession, beyond what our bilateral competitiveness measures (relative unit labour costs) would suggest. -
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Uncertain Costs and Vertical Differentiation in an Insurance Duopoly
Classical oligopoly models predict that firms differentiate vertically as a way of softening price competition, but some metrics suggest very little quality differentiation in the U.S. auto insurance market. -
Bond Risk Premia and Gaussian Term Structure Models
Cochrane and Piazzesi (2005) show that (i) lagged forward rates improve the predictability of annual bond returns, adding to current forward rates, and that (ii) a Markovian model for monthly forward rates cannot generate the pattern of predictability in annual returns.