various calendar effects that have been shown to cause fluctuations in LVTS payment flows. The analysis takes into account the …

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 representative sample of adult Canadians’ shopping behaviour for …

). Along the way we obtain estimates of the payment processing speeds for the individual banks. These differences in processing …

of payments. The author explores the link between payment flows and the overnight interest rate. She also explores the … participants lack full information on their own payment flows and those of others. This uncertainty diminishes as the final end … at the final end-of-day settlement. The author first develops a general framework describing the role that payment flows …

Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital … question is what form should optimal policy take when there are two connected payment systems with separate regulators. In this …

In the Canadian large value payment system an important goal is to understand how liquidity is transferred through the … relationships between participants in the payment system is a crucial step in achieving the goal. The set of nodes in any given …