May 21, 2024 Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics Media Relations Ottawa, Ontario The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy. Content Type(s): Press, Press releases
May 16, 2024 CIMPA Meeting (May 16, 2024) Content Type(s): Meetings Source(s): Collateral Infrastructure and Market Practices Advisory Group
May 16, 2024 Move to T+1 settlement for Government of Canada securities auctions As of 3 June 2024, all Government of Canada auctions of its treasury bills, bonds and Cash Management Bond Buybacks (CMBB) will be subject to T+1 settlement. This move will follow the Canadian secondary market’s own transition to T+1 settlement, expected to occur on Monday, 27 May 2024. Content Type(s): Press, Market notices
Digital Payments in Firm Networks: Theory of Adoption and Quantum Algorithm Staff Working Paper 2024-17 Sofia Priazhkina, Samuel Palmer, Pablo Martín-Ramiro, Román Orús, Samuel Mugel, Vladimir Skavysh We build a network formation game of firms with trade flows to study the adoption and usage of a new digital currency as an alternative to correspondent banking. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech, Digitalization, Economic models, Financial institutions, Payment clearing and settlement systems, Sectoral balance sheet JEL Code(s): C, C6, C7, C71, D, D4, D8, D85, G, L, L2, L22
The Macroeconomic Implications of Coholding Staff Working Paper 2024-16 Michael Boutros, Andrej Mijakovic Coholder households simultaneously carry high-cost credit card debt and low-yield cash. We study the implications of this behavior for fiscal and monetary policy, finding that coholder households have smaller consumption responses in the short run but larger responses in the long run. Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Economic models, Fiscal policy, Monetary policy JEL Code(s): E, E2, E21, E4, E44, E6, E62, G, G5, G51