Bank notes
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Adoption Costs of Financial Innovation: Evidence from Italian ATM Cards
The discrete choice to adopt a financial innovation affects a household’s exposure to inflation and transactions costs. We model this adoption decision as being subject to an unobserved cost. -
Canadian Bank Notes and Dominion Notes: Lessons for Digital Currencies
This paper studies the period in Canada when both private bank notes and government-issued notes (Dominion notes) were simultaneously in circulation. Because both of these notes shared many of the characteristics of today's digital currencies, the experience with these notes can be used to draw lessons about how digital currencies might perform. -
December 8, 2016
Engaging Canadians: a #bankNOTEable process
Governor Poloz, with Ministers Morneau and Hadju, announces the #bankNOTEable woman. -
August 16, 2016
Bank of Canada recognizes Saskatoon Police Service with Counterfeit Deterrence award
This award, which has been presented since 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada. -
April 4, 2016
Bank of Canada announces members of 2018 bank note Advisory Council
The Governor of the Bank of Canada, Stephen S. Poloz, and Senior Deputy Governor Carolyn Wilkins today announced the members of an independent Advisory Council, who will develop a short list of iconic Canadian women who could be featured on the first bank note of the next series. -
March 8, 2016
Bank of Canada launches public consultation to select Canadian woman to be on next series bank note
As announced today by Prime Minister Justin Trudeau and Minister of Finance Bill Morneau, the Bank of Canada is undertaking a broad public consultation to select an iconic Canadian woman to be featured on the first bank note of its next series. This new note will be issued in 2018. -
Wait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment Steering
Merchants who accept credit cards face payment processing fees. In most countries, the no-surcharge rule prohibits them from using surcharges to pass these fees on to customers. -
On the Essentiality of E-Money
Recent years have witnessed the advances of e-money systems such as Bitcoin, PayPal and various forms of stored-value cards. This paper adopts a mechanism design approach to identify some essential features of different payment systems that implement and improve the constrained optimal resource allocation. -
August 18, 2015
Bank of Canada Announces the Recipient of its 2015 Law Enforcement Award of Excellence for Counterfeit Deterrence
This award, which has been presented since 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada.