Similar Search Results

The Impact of Retail Payment Innovations on Cash Usage

Fung, Ben; Huynh, Kim; Sabetti, Leonard - Bank of Canada - 2012

Many predict that innovations in retail payment may render cash obsolete. We investigate this possibility in the context of recent payment innovations such as contactless-credit and stored-value cards. We apply causal inference methods on the 2009 Bank of Canada Method of Payment survey, a...

Persistent link: https://www.econbiz.de/10010556665

What To Do about Bilateral Credit Limits in the LVTS When a Closure Is Anticipated: Risk versus Liquidity Sharing among LVTS Participants

O'Connor, Sean; Caldwell, Greg - Bank of Canada - 2008

The authors examine the effect of a trade-off between shared credit risk and liquidity efficiency, among participants … credit limits (BCLs) to a participant at risk of imminent closure. The authors' analysis considers a network of three banks …

Persistent link: https://www.econbiz.de/10005808265

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

Chande, Nikil - Bank of Canada - 2008

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. Current players in the Canadian marketplace...

Persistent link: https://www.econbiz.de/10005808274

Credit in a Tiered Payments System

Lai, Alexandra; Chande, Nikil; O'Connor, Sean - Bank of Canada - 2006

risk to the clearing agent from the provision of uncollateralized overdrafts to its indirect clearer. The results suggest …

Persistent link: https://www.econbiz.de/10005162530

Liquidity Efficiency and Distribution in the LVTS: Non-Neutrality of System Changes under Network Asymmetry

O'Connor, Sean; Chapman, James; Millar, Kirby - Bank of Canada - 2008

The authors consider the liquidity efficiency of Tranche 2 of the Large Value Transfer System (LVTS T2) by examining, through an empirical analysis, some plausible strategic reactions of individual participants to a systemwide shock to available liquidity in the system. The network structure of...

Persistent link: https://www.econbiz.de/10005536847

The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results

Arango, Carlos; Welte, Angelika - Bank of Canada - 2012

The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population. During November 2009, participants answered a...

Persistent link: https://www.econbiz.de/10010570097

Central Bank Haircut Policy

Chapman, James; Chiu, Jonathan; Molico, Miguel - Bank of Canada - 2010

that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance … against downside risk of the collateral. Setting a haircut therefore involves balancing the trade-off between relaxing the … liquidity constraints of agents on one hand, and increasing potential inflation risk and distorting the portfolio choices of …

Persistent link: https://www.econbiz.de/10008684432