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Housing and mortgage markets in Canada

Smith, Lawrence B. - 1970

Persistent link: https://www.econbiz.de/10000668551

Institutional mortgage lending in Canada : 1954-1968 ; an econometric analysis

Smith, Lawrence B. - 1973

Persistent link: https://www.econbiz.de/10000668601

Price movements in the Canadian residential mortgage market

Allen, Jason; McVanel, Darcey - 2009

The authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage … market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of … competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They …

Persistent link: https://www.econbiz.de/10003852802

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

Bagnall, John; Bounie, David; Huynh, Kim; Kosse, Anneke; … - Bank of Canada - 2014

We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences -...

Persistent link: https://www.econbiz.de/10010849952

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

Arango, Carlos; Bouhdaoui, Yassine; Bounie, David; … - Bank of Canada - 2013

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....

Persistent link: https://www.econbiz.de/10010849960

Electronic Money and Payments: Recent Developments and Issues

Fung, Ben; Molico, Miguel; Stuber, Gerald - Bank of Canada - 2014

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. In particular, they study how these developments will affect the demand for bank notes, and the central bank’s balance...

Persistent link: https://www.econbiz.de/10010849977

The Role of Card Acceptance in the Transaction Demand for Money

Huynh, Kim; Schmidt-Dengler, Philipp; Stix, Helmut - Bank of Canada - 2014

The use of payment cards, either debit or credit, is becoming more and more widespread in developed economies. Nevertheless, the use of cash remains significant. We hypothesize that the lack of card acceptance at the point of sale is a key reason why cash continues to play an important role. We...

Persistent link: https://www.econbiz.de/10010960390

Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey

Arango, Carlos; Hogg, Dylan; Lee, Alyssa - Bank of Canada - 2012

The authors present key insights from the Bank of Canada’s 2009 Methods-of-Payment survey. In the survey, about 6,800 participants completed a questionnaire with detailed information regarding their personal finances, as well as their use and perceptions of different payment methods. In...

Persistent link: https://www.econbiz.de/10009653924

How Do You Pay? The Role of Incentives at the Point-of-Sale

Arango, Carlos; Huynh, Kim; Sabetti, Leonard - Bank of Canada - 2011

This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale. We use the Bank of Canada 2009 Method of Payment...

Persistent link: https://www.econbiz.de/10009352265

Price Competition and Concentration in Search and Negotiation Markets: Evidence from Mortgage Lending

Allen, Jason; Clark, Robert; Houde, Jean-François - Bank of Canada - 2012

This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which … mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and … mortgage market is fairly competitive. However, a decomposition of the aggregate treatment effect reveals important …

Persistent link: https://www.econbiz.de/10009493658