Staff research

• A Survey and Risk Analysis of Selected Non-Bank Retail Payments Systems

  Staff Discussion Paper 2008-17 Nikil Chande

  Payment services offered by non-banks have flourished in recent years. The author provides an overview of the different kinds of non-bank retail payments schemes currently available in Canada, illustrating each by focusing on a specific example.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial services, Payment clearing and settlement systems JEL Code(s): D, D1, D14, G, G2, G20

• Firm Size and Productivity

  Staff Working Paper 2008-45 Danny Leung, Césaire Meh, Yaz Terajima

  This paper examines the relationship between firm size and productivity. In contrast to previous studies, this paper offers evidence of the relationship not only from manufacturing firms, but from non-manufacturing firms as well.

  Content Type(s): Staff research, Staff working papers Topic(s): Productivity JEL Code(s): L, L1, L11, L2, L25, O, O4, O47

• The Role of Foreign Exchange Dealers in Providing Overnight Liquidity

  Staff Working Paper 2008-44 Chris D'Souza

  This paper illustrates that dealers in foreign exchange markets not only provide intraday liquidity, they are key participants in the provision of overnight liquidity. Dealing institutions receive compensation for holding undesired inventory balances in part from the information they receive in customer trades.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial markets, Market structure and pricing JEL Code(s): D, D8, D82, F, F3, F31, G, G2, G21