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Explaining Unusual Cash Patterns in 2018 /

29 Jul 2019

'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.
economics economy science and technology canada national accounts bank bank of canada inventory cannabis (drug) market (economics) cash banknote
ISSN
23699639
Pages
12
Published in
Ottawa, ON, CA

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