Posts

• December 20, 2010

  Strengthening the Infrastructure of Over-the-Counter Derivatives Markets

  Financial System Review - December 2010 Carolyn A. Wilkins, Elizabeth Woodman

  Content Type(s): Publications, Financial System Review articles
• December 17, 2010

  Summary of the 2010 Survey on Canadian Foreign Exchange Hedging

  Since 2004, the Bank of Canada has undertaken an annual questionnaire with banks that are active in Canadian foreign exchange (FX) markets, including the eleven members of the Canadian Foreign Exchange Committee (CFEC), to gauge FX hedging activities of Canadian corporate customers.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• December 16, 2010

  Results of the 16 December 2010 Term Repo Operation for Balance Sheet Management Purposes

  Today's results of the Term Repo Operation for Balance Sheet Management Purposes.

  Content Type(s): Press, Market notices
• December 15, 2010

  Bank of Canada Announces Details of its Term Repo Operation for Balance Sheet Management Purposes

  The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes.

  Content Type(s): Press, Market notices

• The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN

  Staff Discussion Paper 2010-16 Carlos De Resende, Ali Dib, Nikita Perevalov

  The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Financial institutions, Financial stability, International topics JEL Code(s): E, E3, E32, E4, E44, E5, G, G1, G2

• Adverse Selection, Liquidity, and Market Breakdown

  Staff Working Paper 2010-32 Koralai Kirabaeva

  This paper studies the interaction between adverse selection, liquidity risk and beliefs about systemic risk in determining market liquidity, asset prices and welfare. Even a small amount of adverse selection in the asset market can lead to fire-sale pricing and possibly to a market breakdown if it is accompanied by a flight-to-liquidity, a misassessment of systemic risk, or uncertainty about asset values.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets, Financial stability JEL Code(s): D, D8, D82, G, G0, G01, G1, G11
• December 13, 2010

  Perceptions of Low Rates Raise Risks, Bank of Canada Governor Mark Carney Says

  Media Relations Toronto, Ontario

  Cyclical and structural factors have led to a low-interest-rate environment, Bank of Canada Governor Mark Carney said today in a speech that reviewed the implications of such an environment for financial stability and economic growth in Canada and globally.

  Content Type(s): Press, Press releases
• December 13, 2010

  Living with Low for Long

  Remarks Mark Carney Economic Club of Canada Toronto, Ontario

  Current turbulence in Europe is a reminder that the crisis is not over, but has merely entered a new phase. In a world awash with debt, repairing the balance sheets of banks, households and countries will take years.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 9, 2010

  The Countercyclical Bank Capital Buffer: Insights for Canada

  Financial System Review - December 2010 David Xiao Chen, Ian Christensen

  Content Type(s): Publications, Financial System Review articles
• December 9, 2010

  Central Counterparties and Systemic Risk

  Financial System Review - December 2010 Eric Tuer, Nicholas Labelle, Nikil Chande

  Content Type(s): Publications, Financial System Review articles