Bank notes

• 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

• Cash Management and Payment Choices: A Simulation Model with International Comparisons

  Staff Working Paper 2013-53 Carlos Arango, Yassine Bouhdaoui, David Bounie, Martina Eschelbach, Lola Hernández

  Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of payment instruments by transaction size.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Financial services, International topics JEL Code(s): C, C6, C61, E, E4, E41, E47

• Some Economics of Private Digital Currency

  Staff Working Paper 2013-38 Joshua S. Gans, Hanna Halaburda

  This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Economic models, Payment clearing and settlement systems JEL Code(s): D, D4, D42, E, E4, L, L5, L51
• November 7, 2013

  Bank of Canada Issues $5 and $10 Polymer Bank Notes

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the entry into circulation of the new $5 and $10 polymer bank notes. Starting today, these final two notes in the new polymer Frontiers series will be available at financial institutions across Canada.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• November 7, 2013

  $5 and $10 Bank Note Issue

  Remarks Stephen S. Poloz Canadian Space Agency Saint Hubert, Québec

  Governor Stephen S. Poloz announces the entry into circulation of the new $5 and $10 polymer bank notes.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• November 7, 2013

  $5 and $10 Bank Note Issue

  Remarks Tiff Macklem Vancouver Train Station Vancouver, British Columbia

  Senior Deputy Governor Tiff Macklem announces the entry into circulation of the new $5 and $10 polymer bank notes.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• August 20, 2013

  Bank of Canada Announces the Recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence

  Media Relations Ottawa, Ontario

  The Bank of Canada is pleased to announce the recipients of its 2013 Law Enforcement Award of Excellence for Counterfeit Deterrence.

  Content Type(s): Press, Press releases Topic(s): Bank notes

• The Threat of Counterfeiting in Competitive Search Equilibrium

  Staff Working Paper 2013-22 Enchuan Shao

  Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes, counterfeiting does not occur in a pooling equilibrium. In this paper, I investigate the robustness of this non-existence result by considering an alternative trading mechanism.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes JEL Code(s): D, D8, D82, D83, E, E4, E42
• April 30, 2013

  Bank Note Unveiling

  Remarks Mark Carney Ottawa, Ontario

  Governor Mark Carney with Minister of Finance Jim Flaherty, Mr. Paul G. Smith, Chairman of the Board at VIA Rail Canada and Canadian Space Agency Astronaut Chris Hadfield, Commander of the International Space Station (by satellite), unveil the final two notes of the new Polymer bank note series.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes