Posts

• November 11, 2009

  The Evolution of Capital Flows to Emerging-Market Economies

  Bank of Canada Review - Winter 2009-2010 Lena Suchanek, Garima Vasishtha

  Many emerging-market economies (EMEs) have significantly improved their macroeconomic fundamentals and undergone structural reforms since the Asian crisis. These developments have enhanced the composition of capital flows to EMEs through an improved debt structure, a larger share of capital flows as foreign direct investment, and greater access to international debt markets for corporations in EMEs. Structural changes in the global financial landscape have also increased capital flows, bringing economic and financial benefits to EMEs. During the recent financial crisis, however, the opening up of capital accounts and increased financial and trade linkages left many countries vulnerable to external disruptions. Countries with sound fundamentals have weathered the crisis relatively well. Policy-makers in EMEs need to implement policies that support capital flows and ensure that controls imposed to deal with detrimental outflows during periods of stress or rapid inflows are only temporary.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Development economics, Financial markets, Financial system regulation and policies
• November 11, 2009

  Making Bank Notes Accessible for Canadians Living with Blindness or Low Vision

  Bank of Canada Review - Winter 2009-2010 Carolyn Samuel

  The ability to conduct financial transactions using bank notes is crucial to independent living. Yet this can pose significant challenges for individuals who are blind or partially sighted. This article discusses the Bank of Canada's efforts over the past 30 years to meet the accessibility needs of a specific subset of the population–Canadians living with blindness or vision loss. It also reports the findings of expert and user assessments of the suite of accessibility features on the current series of bank notes and shares plans for the next series.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Bank notes, Central bank research
• November 9, 2009

  Results of the 9 November 2009 Term PRA Transaction

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

  Content Type(s): Press, Market notices
• November 6, 2009

  Bank of Canada Announces Details of its Term PRA Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation as follows.

  Content Type(s): Press, Market notices
• November 5, 2009

  Changes to Policy Regarding the Non-Mortgage Loan Portfolio as Collateral for the Bank of Canada's Standing Liquidity Facility (SLF)

  Given improved conditions in funding markets, the Bank of Canada is announcing that, starting 2 February 2010, its temporary measure of allowing Large Value Transfer System (LVTS) participants to assign their non-mortgage loan portfolios as eligible collateral for LVTS and Standing Liquidity Facility (SLF) purposes will be gradually reduced from 100 per cent to 20 per cent of each participant's total pledged collateral.

  Content Type(s): Press, Market notices
• November 5, 2009

  Debt Strategy Consultations - 2010-11 Views Sought on Issues Relating to the Government's Domestic Debt Program

  The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues relating to the design and operation of the domestic Government of Canada debt program for 2010-11 and beyond.

  Content Type(s): Press, Market notices
• November 4, 2009

  Central Banking Revealed: How We Promote Canada’s Economic and Financial Well-Being

  Presentation John Murray Prince George Chamber of Commerce Prince George, British Columbia

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

• Measures of Aggregate Credit Conditions and Their Potential Use by Central Banks

  Staff Discussion Paper 2009-12 Alejandro García, Andrei Prokopiw

  Understanding the nature of credit risk has important implications for financial stability. Since authorities – notably, central banks – focus on risks that have systemic implications, it is crucial to develop ways to measure these risks.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Credit and credit aggregates, Financial markets, Financial stability JEL Code(s): G, G1, G10, G12, G13