The Relative Benefits and Risks of Stablecoins as a Means of Payment: A Case Study Perspective Staff Discussion Paper 2022-21 Annetta Ho, Sriram Darbha, Yuliya Gorelkina, Alejandro García Our paper contributes to the discussion about the utility of stablecoins for retail payments through an objective, evidence-based approach that compares stablecoins with traditional retail payment methods. The paper also provides insights that could be useful in the design of central bank digital currencies. Content Type(s): Staff research, Staff discussion papers Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): D, D7, D78, O, O3, O38
December 16, 2022 Bank of Canada Media Interview – Globe and Mail Tiff Macklem, Governor of the Bank of Canada, gave an interview on Friday, December 16 to David Parkinson and Mark Rendell of the Globe and Mail. Content Type(s): Press, Media advisories
December 16, 2022 Bank notes: Backgrounders and explainers Get quick access to background materials, explainers and The Economy, Plain and Simple articles about bank notes.
December 15, 2022 CARR’s CORRA-first initiatives for derivatives to begin on January 9 - update The Canadian Alternative Reference Rate working group (CARR) has been laying the groundwork to ensure a smooth transition of financial products referencing the Canadian Dollar Offered Rate (CDOR). Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
December 15, 2022 News Find news by keyword, author, content type, location, source, topic or publication date.
December 14, 2022 Anti-money laundering and anti-terrorist financing controls framework The Bank of Canada is committed to supporting a secure, stable and resilient financial system infrastructure. This includes applying a risk-based approach to detect and deter the use of the Bank’s services and delivery channels for illegal purposes.