Posts
-
-
-
-
On the Existence and Fragility of Repo Markets
This paper presents a model of an over-the-counter bond market in which bond dealers and cash investors arrange repurchase agreements (repos) endogenously. -
June 21, 2012
Financing the Global Transition
Governor Mark Carney discusses the central role of an open, resilient financial system to sustained global growth. -
-
-
June 14, 2012
Strengthening Financial Infrastructure: The New Canadian Central Counterparty
Deputy Governor Agathe Côté discusses efforts to strengthen financial infrastructure, specifically the implementation of a central counterparty for repos -
Commodities and Monetary Policy: Implications for Inflation and Price Level Targeting
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices. -
June 14, 2012
Financial System Review - June 2012
In this issue of the Financial System Review, the Governing Council judges that the risks to the stability of Canada’s financial system remain high, as in December. The sources of the key risks are broadly the same as those highlighted at that time and emanate primarily from the external environment.
Errata: The colour labels for Chart 11 in the June 2012 issue and for Chart 12 in the December 2011 isssue were defined incorrectly. See revised charts.