Central bankers argue that programmable digital currencies may compromise the uniformity of money. We explore this in a stylized model where programmable money arises endogenously, and differently ...

Our paper employs smartphone data to construct an improved cash access metric by accounting for both spatial agglomeration and households’ travel patterns. We find that incorporating trip-chaining ...

We develop statistical inferences for a non-probability two-phase survey sample when relevant auxiliary information is available from a probability survey sample. To reduce selection bias and gain ...

Introduction Foreign demand for Government of Canada (GoC) bonds has increased rapidly since the financial crisis. This sudden interest by foreigners in the GoC market is associated with external ...

US trade protectionism is making the economic outlook increasingly uncertain. To assess how consumer prices may respond to ...

What we do The Canadian Fixed-Income Forum (Forum) is a senior level industry-wide committee established by the Bank of Canada to discuss developments in fixed-income market structure and functioning, ...

View data from the Canadian Survey of Consumer Expectations (CSCE)—a quarterly survey aimed at measuring household views of inflation, the labour market and household finances.

Source: Bank of Canada, Office of the Superintendent of Financial Institutions (OSFI) Federally-regulated credit unions and subsidiaries of non-bank financial institutions are excluded from the ...

Introduction Fontaine and Nolin (2016), Part I in this series, show that more than 50 per cent of the Canadian dollar variations are now systematic. Systematic variations are well-understood in the ...

1. The Level of the Inflation Target Canada targets 2 per cent inflation, the midpoint of a 1 to 3 per cent inflation-control target range. Since 2011, the experience of advanced economies with ...

Credit cards are an increasingly common payment method—they now make up 39 percent of retail transactions and 56 percent of the total value of goods and services purchased. They are especially popular ...