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Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … for decades, and even rising in recent years. In contrast, aggregate cash demand in Sweden has been falling steadily. This … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on …
Persistent link: https://www.econbiz.de/10012053000
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … for decades, and even rising in recent years. In contrast, aggregate cash demand in Sweden has been falling steadily. This … paper explains these differences between Canada and Sweden by focusing separately on the transactions demand for cash and on …
Persistent link: https://www.econbiz.de/10012053139
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Since the advent of standard national accounts data over 60 years ago, economists have traditionally relied on monthly or quarterly data supplied by central statistical agencies for macroeconomic modelling and forecasting. However, technological advances of the past several years have resulted...
Persistent link: https://www.econbiz.de/10003641311
The Large Value Transfer System (LVTS) for settling large payments, and CDSX for settling debt and equity trades, are two of the main settlement systems in Canada. They are closely linked; for example, at the end of the day the final CDSX payment obligations must settle on the Bank of Canada’s...
Persistent link: https://www.econbiz.de/10003727266
The authors present a detailed discussion of the Bank of Canadas' framework for the implementation of monetary policy. As background, they provide a brief overview of the financial system in Canada, including a discussion of the financial services industry and the money market. Key features of...
Persistent link: https://www.econbiz.de/10003727268