Posts
-
-
October 20, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $0.55 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. -
October 20, 2008
Bank of Canada Announces Details of its 91 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 91-day Purchase and Resale Agreement (PRA) transaction as follows: -
Price Level Targeting in a Small Open Economy with Financial Frictions: Welfare Analysis
How important are the benefits of low price-level uncertainty? This paper explores the desirability of price-level path targeting in an estimated DSGE model fit to Canadian data. The policy implications are based on social welfare evaluations. -
October 17, 2008
Bank of Canada Announces Further Details of its Term PRA Facility for Private Sector Money Market Instruments
The Bank of Canada announced today further details of its temporary additional Term Purchase and Resale Agreement (PRA) facility for private sector money market instruments.
-
October 17, 2008
Bank of Canada Initiative to Allow Substitution of Canadian-Dollar Non-Mortgage Loan Portfolio for Current LVTS Collateral
This note briefly explains the Bank of Canada initiative to allow Large Value Transfer System (LVTS) participants to substitute their non-mortgage loan portfolio for current LVTS collateral, which is composed of marketable securities that have collateral value outside of the LVTS. -
October 17, 2008
New measures to provide liquidity to the Canadian financial system
Further to its 14 October announcement of new measures to provide liquidity to the Canadian financial system, the Bank of Canada releases further details on a term Purchase and Resale Agreement facility for private-sector money market instruments, and temporary acceptance of non-mortgage loan portfolios as eligible collateral for Large Value Transfer System and standing liquidity facility purposes. -
Import Price Dynamics in Major Advanced Economies and Heterogeneity in Exchange Rate Pass-Through
This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced economies at three different levels: 1) across destination markets; 2) across types of exporters (distinguishing developed economy from emerging economy exporters); and 3) over time. -
October 16, 2008
Results of the 16 October 2008 Sale of Treasury Bills for Balance Sheet Management Purposes
Results of the 16 October 2008 Sale of Treasury Bills. -
October 15, 2008
Results of the 15 October 2008 Term PRA Transaction
The results of today's term PRA operations are as follows: