Posts

• October 31, 2008

  Bank of Canada Announces Term PRA Transactions for Private Sector Money Market Instruments

  In accordance with the 14 October 2008 announcement of new measures to provide liquidity to the Canadian financial system, the Bank of Canada announced today that it will enter into 14-day term purchase and resale agreement (PRA) for private sector money market instruments on the following dates:

  Content Type(s): Press, Market notices
• October 30, 2008

  Results of the 30 October 2008 Sale of Treasury Bills for Balance Sheet Management Purposes

  Results of the 30 October 2008 Sale of Treasury Bills.

  Content Type(s): Press, Market notices

• McCallum Rules, Exchange Rates, and the Term Structure of Interest Rates

  Staff Working Paper 2008-43 Antonio Diez de los Rios

  McCallum (1994a) proposes a monetary rule where policymakers have some tendency to resist rapid changes in exchange rates to explain the forward premium puzzle.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Interest rates, Monetary policy transmission JEL Code(s): E, E4, E43, F, F3, F31, G, G1, G12, G15
• October 28, 2008

  Results of the 28 October 2008 Term PRA Transaction

  The results of today's term PRA operations are as follows:

  Content Type(s): Press, Market notices
• October 27, 2008

  Summary of the Survey on Canadian Corporate Foreign Exchange Hedging

  Each year since 2004, the Bank of Canada has surveyed banks that are active in the Canadian-dollar foreign exchange market.

  Content Type(s): Press, Market notices
• October 27, 2008

  Results of the 27 October 2008 Term PRA Transaction for Private Sector Money Market Instruments

  The results of today's term PRA operations.

  Content Type(s): Press, Market notices
• October 27, 2008

  Bank of Canada Announces the Minimum Bid Rate for Today's Term PRA Facility for Private Sector Money Market Instruments

  The minimum bid rate for today's 14-day Term PRA Facility for Private Sector Money Market Instruments.

  Content Type(s): Press, Market notices
• October 27, 2008

  Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes

  The Bank of Canada announced today it will sell $1.85 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the term purchase and resale transactions announced today.

  Content Type(s): Press, Market notices
• October 27, 2008

  Bank of Canada Announces Details of its 28 Day Term PRA Transaction

  In accordance with the schedule of Term PRA auctions announced on 3 October, the Bank of Canada announced today that it will enter into a 28-day Purchase and Resale Agreement (PRA) transaction as follows:

  Content Type(s): Press, Market notices

• Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System

  Staff Working Paper 2008-42 Morten Bech, James Chapman, Rodney J. Garratt

  We use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks.

  Content Type(s): Staff research, Staff working papers Topic(s): Payment clearing and settlement systems JEL Code(s): C, C1, C11, E, E5, E50, G, G2, G20