Survival Analysis of Bank Note Circulation: Fitness, Network Structure and Machine Learning Staff Working Paper 2020-33 Diego Rojas, Juan Estrada, Kim Huynh, David T. Jacho-Chávez Using the Bank of Canada's Currency Information Management Strategy, we analyze the network structure traced by a bank note’s travel in circulation and find that the denomination of the bank note is important in our potential understanding of the demand and use of cash. Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Econometric and statistical methods, Payment clearing and settlement systems JEL Code(s): C, C5, C52, C6, C65, C8, C81, E, E4, E42, E5, E51
The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era? Staff Working Paper 2020-32 Nicole Jonker, Anneke Kosse The objective of this paper is twofold. First, we assess whether financial education might be a suitable tool to promote the financial inclusion opportunities that big techs provide. Second, we study how this potential financial inclusion could impact financial stability. Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Digital currencies and fintech, Financial markets, Financial services, Financial stability JEL Code(s): D, D1, D14, D9, D91, D92, G, G2, G21, G23, O, O1, O16
August 13, 2020 Understanding inflation targeting At the Bank of Canada, we aim to keep inflation close to 2 percent. Content Type(s): Explainers Topic(s): Inflation and prices, Inflation targets
August 13, 2020 Understanding inflation Inflation is a persistent rise in the average level of prices over time. Content Type(s): Explainers Topic(s): Inflation and prices, Inflation: costs and benefits
August 13, 2020 Understanding exchange rates The foreign exchange market determines how much the Canadian dollar is worth. At the Bank of Canada, we very rarely intervene to support its value. Content Type(s): Explainers Topic(s): Exchange rates
Sample Calibration of the Online CFM Survey Technical Report No. 118 Marie-Hélène Felt, David Laferrière The Canadian Financial Monitor (CFM) survey uses non-probability sampling for data collection, so selection bias is likely. We outline methods for obtaining survey weights and discuss the conditions necessary for these weights to eliminate selection bias. We obtain calibration weights for the 2018 and 2019 online CFM samples. Content Type(s): Staff research, Technical reports Topic(s): Econometric and statistical methods JEL Code(s): C, C8, C81, C83
August 10, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (August 17-August 28) As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
August 10, 2020 Changes to the Bank of Canada’s Standing Liquidity Facility Policy Regarding the use of Non-Mortgage Loan Portfolio as Collateral Given the continued improvement in short-term funding conditions, the Bank of Canada (Bank) is announcing that the Bank’s temporary measure of allowing Large Value Transfer System (LVTS) participants to pledge 100 per cent of their total collateral using their non-mortgage loan portfolio (NMLP) for the LVTS and Standing Liquidity Facility (SLF) will be gradually reduced back to the regular level of 20 per cent of each participant's total pledged collateral. Content Type(s): Press, Market notices Source(s): Standing Liquidity Facility