Posts
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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. -
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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.