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Explaining unusual cash patterns in 2018

Author: Walter Engert; Bank of Canada,
Publisher: Ottawa, Ontario, Canada : Bank of Canada, [2019] ©2019
Series: Staff analytical note = Note analytique du personnel, 2019-22
Edition/Format:   eBook : Document : National government publication : English
Summary:
"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  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Walter Engert; Bank of Canada,
OCLC Number: 1111663569
Notes: Distributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2019-31)
Description: 1 online resource (ii, 9 pages)
Series Title: Staff analytical note = Note analytique du personnel, 2019-22
Responsibility: by Walter Engert [and 3 others]
More information:

Abstract:

"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.

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