April 28, 2014 Government of Canada issues its first ultra-long bond Today, the Government of Canada announced that it successfully issued $1,500 million in 50-year bonds through the syndication process. Content Type(s): Press, Market notices
E-Money: Efficiency, Stability and Optimal Policy Staff Working Paper 2014-16 Jonathan Chiu, Tsz-Nga Wong What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e-money system necessarily stable? What is the optimal way to design an efficient and stable e-money scheme? Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, L, L5, L51
The Efficiency of Private E-Money-Like Systems: The U.S. Experience with State Bank Notes Staff Working Paper 2014-15 Warren E. Weber In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes. Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Financial services JEL Code(s): E, E4, E41, E42, E5, E58
Electronic Money and Payments: Recent Developments and Issues Staff Discussion Paper 2014-2 Ben Fung, Miguel Molico, Gerald Stuber 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. Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42
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. Content Type(s): Press, Market notices
April 25, 2014 Weekly Financial Statistics - 25 April 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
April 24, 2014 Economic Adjustments Will Bring Benefits to All, Says Bank of Canada Governor Stephen S. Poloz Media Relations Saskatoon, Saskatchewan 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 […] Content Type(s): Press, Press releases
April 24, 2014 Canada’s Hot - and Not - Economy Remarks Stephen S. Poloz Saskatchewan Trade and Export Partnership Saskatoon, Saskatchewan 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. Content Type(s): Press, Speeches and appearances, Remarks