October 19, 2010
Posts
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Central Bank Haircut Policy
We present a model of central bank collateralized lending to study the optimal choice of the haircut policy. We show that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance against downside risk of the collateral. -
October 8, 2010
Business Outlook Survey
A quarterly summary of interviews conducted by the Bank's regional offices with the senior management of about 100 firms. -
October 8, 2010
Business Outlook Survey - Autumn 2010
Responses to the autumn survey suggest that the economic recovery is progressing. Firms remain positive about the outlook over the next 12 months, but they generally expect growth to be modest, owing in part to a weaker outlook for the U.S. economy.
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October 8, 2010
Senior Loan Officer Survey - Third-Quarter 2010
The survey results point to an overall easing in business-lending conditions during the third quarter of 2010. Both the price and non-price aspects of business lending eased during the quarter. Note that the balance of opinion indicates only the direction of the change in lending conditions; it does not provide information on the magnitude of the change.
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October 8, 2010
Senior Loan Officer Survey
A quarterly survey of business-lending practices of major Canadian financial institutions. -
October 5, 2010
Reflections on Monetary Policy After the Great Recession
As a native Montrealer, I am particularly pleased to be coming home to deliver my first speech as Senior Deputy Governor of the Bank of Canada. -
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