Discussion Papers

Provision of original, high-quality and relevant research is critical to fulfilling our role as a thought leader in the area of payments. Explore our discussion papers for in-depth, technical research and analysis on topics of relevance to the Canadian and international payments ecosystems.

November 9, 2021
In partnership with De Nederlandsche Bank, Payments Canada has released its latest discussion paper Are crypto currencies cryptic or a source for arbitrage? A genetic algorithm approach. This paper aims to identify forex triangular arbitrage trading... Read more about Are crypto currencies cryptic or a source for arbitrage?
November 9, 2021
In partnership with the University of Toronto, Payments Canada has released its latest discussion paper, Payment stream volume migration: target state volume projections. This paper aims to estimate the directions of migration between streams within... Read more about Payment stream volume migration: target state volume projections
October 20, 2021
In partnership with the Canadian Deposit Insurance Corp (CDIC) and the Bank of Canada, Payments Canada has released its latest research discussion paper, Quantifying the economic benefits of payments modernization: The case of the large-value... Read more about Quantifying the economic benefits of payment modernization: the case of the large-value payment system
March 26, 2021
Payments Canada has released its latest discussion paper, De-Tiering Large Value Payment Systems: The Case of the Canadian LVTS . Many large value payment systems are characterized by a ‘tiered’ structure, whereby a small number of banks are direct... Read more about De-tiering large value payment systems: The case of the Canadian LVTS
May 8, 2020
Published: May 8, 2020 Payments Canada has released its latest discussion paper, Monitoring intraday liquidity risks in a Real Time Gross Settlement System . In this paper the intraday liquidity risk indicator (LRI) tool is developed to monitor... Read more about Monitoring intraday liquidity risks in a Real Time Gross Settlement System
February 25, 2020
Published: February 25, 2020 Payments Canada has released its latest discussion paper, Is there anybody out there? Detecting operational outages from LVTS transaction data. As an operator of Canada’s systemically important payments system directly... Read more about Is there anybody out there? Detecting operational outages from LVTS transaction data
February 25, 2020
Published: February 25, 2020 Payments Canada has released its latest discussion paper, Shallow or deep? Detecting anomalous flows in the Canadian Automated Clearing Settlement System using an autoencoder. This paper shows how unusual payment flows in... Read more about Shallow or deep? Detecting anomalous flows in the Canadian Automated Clearing Settlement System using an autoencoder.
February 18, 2020
Published: February 18, 2020 Payments Canada has released its latest discussion paper, How much liquidity would a liquidity-saving mechanism save if a liquidity-saving mechanism could save liquidity? A simulation approach for Canada's large-value... Read more about How much liquidity would a liquidity-saving mechanism save if a liquidity-saving mechanism could save liquidity? A simulation approach for Canada's large-value payment system
March 14, 2019
Published: March 14, 2019 Payments Canada has released its latest discussion paper entitled, A computational model of the market microstructure of bilateral credit limits in payments systems and other financial market infrastructures, authored by... Read more about A computational model of the market microstructure of bilateral credit limits in payments Systems and other Financial Market Infrastructures
March 14, 2019
Published: March 14, 2019 Payments Canada has released a new discussion paper, Procyclicality and risk-based access: valuing the embedded credit default swap of employing bilateral credit limits in financial market infrastructures, authored by... Read more about Procyclicality and risk-based access: valuing the embedded credit default swap of employing bilateral credit limits in financial market infrastructures

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