Showing 1 - 10 of 2,938
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on … product in both Canada and Sweden. This reflects similar experiences in decreasing cash use for transactions over time due to …
Persistent link: https://www.econbiz.de/10012053139
Providing bank notes is one of the Bank of Canada’s core functions. The Bank is therefore interested in whether cash is … distance between the 637 reserve band offices in Canada and their closest cash sources. In this study, these cash sources are …. We provide a perspective on these issues by exploring access of First Nations reserves to cash. To do so, we measure the …
Persistent link: https://www.econbiz.de/10012520249
Chen et al. (2021) show that almost one-third of First Nations band offices in Canada are within 1 kilometre (km) of an … populations and limited access to internet and mobile services. As a result, these First Nations have poor access to cash sources … Nations are generally among the most geographically remote communities in Canada. Further, we show that these First Nations …
Persistent link: https://www.econbiz.de/10013193291
cash - the only form of central bank money that the public currently has access to - is declining rapidly in many countries … currency (CBDC). We conclude that depositors' need for control could be a reason why cash or a CBDC is essential, even in …
Persistent link: https://www.econbiz.de/10012214507
Digital currencies store balances in anonymous electronic addresses. We analyze the tradeoffs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks. In our model, agents balance the risk of theft of a large account with the cost to safeguarding a...
Persistent link: https://www.econbiz.de/10012421984
I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and … 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear … intensive margins of cash usage. I use a two-part model, with an exclusion restriction for better identification, to model both …
Persistent link: https://www.econbiz.de/10012404480
We use a simple model to study whether private payment systems based on bank deposits can provide the optimal level of safety. In the model, bank deposits backed by projects are subject to default risk that can be mitigated by a depositor's ex ante and ex post monitoring. Safe payment...
Persistent link: https://www.econbiz.de/10012388751
High-value payment systems (HVPSs) are typically liquidity-intensive because the payment requests are indivisible and settled on a gross basis. Finding the right order in which payments should be processed to maximize the liquidity efficiency of these systems is an NP-hard combinatorial...
Persistent link: https://www.econbiz.de/10013482508
We propose a flexible machine learning (ML) framework for real-time transaction monitoring in high-value payment systems (HVPS), which are a central piece of a country's financial infrastructure. This framework can be used by system operators and overseers to detect anomalous transactions,...
Persistent link: https://www.econbiz.de/10014560400
An anonymous credential mechanism is a set of protocols that allows users to obtain credentials from an organization and demonstrate ownership of these credentials without compromising users' privacy. In this work, we construct the first secret-free and quantum-safe credential mechanism. The...
Persistent link: https://www.econbiz.de/10014456631