Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297063 
Year of Publication: 
2022
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2022-17
Publisher: 
Bank of Canada, Ottawa
Abstract: 
We provide an analysis of cash trends in Canada before and during the COVID-19 pandemic. Focusing on the pandemic period, we explore the implications on demand for, use of and access to cash. We find that cash demand has been strong pre-pandemic and increased sharply during the pandemic. While cash use fell initially due to the decreased number of in-person shopping opportunities, it recovered as containment measures eased. We explore the potential two scenarios for issuance of central bank digital currency or Canadian digital dollar. We discuss the Canadian experience in maintaining cash as an efficient and accessible method of payment and store of value.
Subjects: 
Bank notes
Central bank research
Coronavirus disease (COVID-19)
Digital currenciesand fintech
Econometric and statistical methods
JEL: 
C
C1
C12
C9
E
E4
O
O5
O54
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.