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Explaining unusual cash patterns in 2018 / by Walter Engert, Ben S.C. Fung, Jozsef Molnar and Gradon Nicholls.: FB3-7/2019-22E-PDF

"There was an unusually large decline of bank notes in circulation in October 2018. Somehave argued that this was due to the legalization of cannabis in Canada in mid-October. We consider whether that explanation is consistent with the evidence and conclude that the unusual cash patterns observed in 2018 are more likely the result of an operational event specific to Toronto. Nevertheless, it would be useful to continue monitoring developments in cannabis consumption and its impact on the demand for cash"--Abstract.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.877180&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleExplaining unusual cash patterns in 2018 / by Walter Engert, Ben S.C. Fung, Jozsef Molnar and Gradon Nicholls.
Series title
  • Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-22
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • Cover title.
  • Includes bibliographical references (pages 4-5).
  • Includes abstract in French.
Publishing information
  • Ottawa : Bank of Canada = Banque du Canada, 2019.
  • ©2019
Author / Contributor
  • Engert, Walter, author.
  • Fung, Ben S. C., author.
  • Molnar, Jozsef, author.
  • Nicholls, Gradon, author.
Description1 online resource (ii, 9 pages) : charts.
Catalogue number
  • FB3-7/2019-22E-PDF
Subject terms
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