Posts

• March 22, 1999

  Financial sector reform, the economy, and monetary policy

  Remarks Gordon Thiessen the Mennonite Savings and Credit Union Kitchener, Ontario

  I am delighted to be with you this evening to celebrate the 35th annual meeting of the Mennonite Savings and Credit Union. On this occasion, I propose to speak about the Canadian economy and monetary policy. But given this audience, I thought I might start with some remarks on the future of the Canadian financial sector - a subject that has certainly grabbed its share of headlines over the past year!

  Content Type(s): Press, Speeches and appearances, Remarks
• March 22, 1999

  Bank of Canada Governor speaks to the Mennonite Savings and Credit Union

  Media Relations Kitchener, Ontario

  In a speech delivered today to the 35th annual meeting of the Mennonite Savings and Credit Union, Bank of Canada Governor Gordon Thiessen talked about financial sector reform, the economy, and monetary policy.

  Content Type(s): Press, Press releases
• March 11, 1999

  Then and now: the change in views on the role of monetary policy since the Porter Commission

  Lecture Gordon Thiessen C.D. Howe Institute Toronto, Ontario

  Tony Hampson made a number of outstanding contributions to Canadian public life as well as having a successful business career. Many in this audience will be familiar with the fact that for a number of years he was Chairman of the C.D. Howe Institute's Policy Analysis Committee.

  Content Type(s): Press, Speeches and appearances, Lectures

• The Exchange Rate Regime and Canada's Monetary Order

  Staff Working Paper 1999-7 David Laidler

  It is a mistake to debate the merits of alternative exchange rate regimes for Canada independently of other features of the monetary order. A coherent order requires a well-defined goal for monetary policy, one that the authorities are capable of achieving, and that anchors private sector expectations. For it to be liberal, the relevant authorities […]

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Monetary policy framework JEL Code(s): E, E5, E52, F, F3, F31

• An Intraday Analysis of the Effectiveness of Foreign Exchange Intervention

  Staff Working Paper 1999-4 Neil Beattie, Jean-François Fillion

  This paper assesses the effectiveness of Canada's official foreign exchange intervention in moderating intraday volatility of the Can$/US$ exchange rate, using a 2-1/2-year sample of 10-minute exchange rate data. The use of high frequency data (higher than daily frequency) should help in assessing the impact of intervention since the foreign exchange market is efficient and […]

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial markets JEL Code(s): F, F3, F31, G, G1, G15

• Yield Curve Modelling at the Bank of Canada

  Technical Report No. 84 David Bolder, David Stréliski

  The primary objective of this paper is to produce a framework that could be used to construct a historical data base of zero-coupon and forward yield curves estimated from Government of Canada securities' prices.

  Content Type(s): Staff research, Technical reports Topic(s): Economic models
• January 29, 1999

  Annual Report 1998

  

  Inflation remained low for the seventh consecutive year, and the inflation target range of 1 to 3 per cent was extended to 2001.

  Content Type(s): Publications, Annual Report
• January 28, 1999

  Bank of Canada Welcomes Canada's New Funds Transfer System

  Media Relations Ottawa, Ontario

  The Bank of Canada today welcomed the announcement by the Canadian Payments Association that full operation of the Large Value Transfer System (LVTS) will begin on 4 February 1999.

  Content Type(s): Press, Press releases

• Forecasting GDP Growth Using Artificial Neural Networks

  Staff Working Paper 1999-3 Greg Tkacz, Sarah Hu

  Financial and monetary variables have long been known to contain useful leading information regarding economic activity. In this paper, the authors wish to determine whether the forecasting performance of such variables can be improved using neural network models. The main findings are that, at the 1-quarter forecasting horizon, neural networks yield no significant forecast improvements. […]

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Monetary and financial indicators JEL Code(s): C, C4, C45, E, E3, E37, E4, E44
• January 20, 1999

  The euro: Its economic implications and its lessons for Canada

  Remarks Gordon Thiessen Canadian Club of Ottawa Ottawa, Ontario

  We have just witnessed the dawn of a new era in Europe. Beginning this month, 11 of the 15 member countries of the European Union have joined in a currency union. And they are using the euro as their common currency. The currency union is yet another step on the road to greater economic, social, and political integration in Europe - a vision some 50 years in the making.

  Content Type(s): Press, Speeches and appearances, Remarks