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9420 Results

Central Bank Digital Currencies and Banking: Literature Review and New Questions

We review the nascent but fast-growing literature on central bank digital currencies (CBDCs), focusing on their potential impacts on private banks. We evaluate these impacts in three areas of traditional banking: payments, lending and liquidity and maturity transformation. We also take a broader look at CBDCs and highlight two promising directions for future research.

Manmeet Sangha

Manmeet Sangha is an economist in the Survey and Economic Intelligence Division of the Canadian Economic Analysis department.

Nicolas Bédard

Nicolas Bédard is a Senior Economist in the Canadian Economic Analysis Department.
February 7, 2023

Media Availability: CFA Québec

How monetary policy works — Governor Tiff Macklem takes questions from reporters following his remarks (14:00 (ET) approx.).

February 7, 2023

Speech: CFA Québec

How monetary policy works — Governor Tiff Macklem speaks before the CFA Québec (12:45 (ET) approx.).

February 7, 2023

Monetary policy at work

Remarks Tiff Macklem CFA Québec Québec, Québec
Bank of Canada Governor Tiff Macklem explains how recent interest rate increases work their way through the Canadian economy to slow demand and bring inflation down.
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