Posts

• May 19, 2011

  Central Bank Collateral Policy: Insights from Recent Experience

  Bank of Canada Review - Spring 2011 Lorie Zorn, Alejandro García

  The collateral policy of central banks played a critical role during the recent financial crisis, as they worked to bolster liquidity and alleviate the funding pressures facing financial institutions. This article examines central bank collateral policy and discusses three areas in which central banks can use their collateral policy to influence financial market practices: promoting greater transparency for securitized products, improving practices related to credit risk, and reducing procyclicality in the management of market risk.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets, Financial stability, Payment clearing and settlement systems
• May 19, 2011

  Supplementary article: Paying with Polymer: Developing Canada’s New Bank Notes

  Bank of Canada Review - Spring 2011 Charles Spencer

  In this article, author Charles Spencer reviews the complex process of developing the new series, which represents a dramatic change for Canada. The leading-edge security features made possible by the new substrate, the cost savings of the move to a polymer base and the environmental advantages of the new notes are also examined.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Bank notes, Credibility, Payment clearing and settlement systems

• Bank Loans for Private and Public Firms in a Credit Crunch

  Staff Working Paper 2011-13 Jason Allen, Teodora Paligorova

  Banks reliance on short-term funding has increased over time. While an effective source of financing in good times, the 2007 financial crisis has exposed the vulnerability of banks and ultimately firms to such a liability structure.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): G, G0, G01, G2, G20
• May 16, 2011

  Canada in a Multi-Polar World

  Remarks Mark Carney Canadian Club of Ottawa Ottawa, Ontario

  Governor Mark Carney discusses the forces that are transforming the global economic landscape and their implications for the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 16, 2011

  Canada Is Adjusting to Global Economic Transformation, Says Bank of Canada Governor Mark Carney

  Media Relations Ottawa, Ontario

  While Canada’s economy remains relatively well positioned, it is being buffeted by a significant transformation of the global economy, which is driven by a combination of secular trends and cyclical forces, Bank of Canada Governor Mark Carney said.

  Content Type(s): Press, Press releases

• The Canadian Debt-Strategy Model: An Overview of the Principal Elements

  Staff Discussion Paper 2011-3 David Bolder, Simon Deeley

  The Canadian Debt Strategy Model helps debt managers determine their optimal financing strategy. The model’s code and documentation are available to the public.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Debt management, Econometric and statistical methods, Financial markets, Fiscal policy JEL Code(s): C, C0, G, G1, G11, G17, H, H6, H63
• May 6, 2011

  Monetary Policy and Resource Mobility

  Presentation Mark Carney Bank of Finland’s 200th Anniversary Conference Helsinki , Finland

  Mark Carney, Governor of the Bank of Canada, comments on “Monetary Policy and Resource Mobility,” a paper by Carl E. Walsh

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

• The Behaviour of Consumer Prices Across Provinces

  Staff Discussion Paper 2011-2 Gordon Wilkinson

  Measures of core inflation enable a central bank to distinguish price movements that are transitory and generated by non-monetary events from those that are more permanent and related to prior monetary policy decisions.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31

• Financial Factors and Labour Market Fluctuations

  Staff Working Paper 2011-12 Yahong Zhang

  What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from this issue.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets, Labour markets JEL Code(s): E, E3, E32, E4, E44, J, J6
• April 13, 2011

  Release of the Monetary Policy Report

  Opening statement Mark Carney Ottawa, Ontario

  As anticipated in January, the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion.

  Content Type(s): Press, Speeches and appearances, Opening statements