Posts

• July 17, 2013

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• July 17, 2013

  Monetary Policy Report – July 2013

  

  Following growth of 1.7 per cent in 2012, the Canadian economy is expected to grow by 1.8 per cent in 2013 and 2.7 percent in 2014 and 2015, and to reach full capacity in mid-2015, as anticipated in the April Report.

  Content Type(s): Publications, Monetary Policy Report
• July 12, 2013

  Weekly Financial Statistics - 12 July 2013

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• July 8, 2013

  Senior Loan Officer Survey - Second-Quarter 2013

  The survey, conducted between 10 and 14 June, pointed to a continued easing in overall business-lending conditions during the second quarter of 2013.

  Content Type(s): Publications, Senior Loan Officer Survey
• July 8, 2013

  Business Outlook Survey - Summer 2013

  Responses to the summer survey provide further indications that uncertainty regarding the nature and timing of a notable improvement in growth prospects is bearing on firms’ expectations and investment decisions.

  Content Type(s): Publications, Business Outlook Survey
• July 5, 2013

  Weekly Financial Statistics - 5 July 2013

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• The Threat of Counterfeiting in Competitive Search Equilibrium

  Staff Working Paper 2013-22 Enchuan Shao

  Recent studies in monetary theory show that if buyers can use lotteries to signal the quality of bank notes, counterfeiting does not occur in a pooling equilibrium. In this paper, I investigate the robustness of this non-existence result by considering an alternative trading mechanism.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes JEL Code(s): D, D8, D82, D83, E, E4, E42

• Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns

  Staff Working Paper 2013-21 Joshua Aizenman, Gurnain Pasricha

  In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in recent decades. Liberalization of capital outflow controls can allow emerging-market economies (EMEs) to reduce net capital inflow (NKI) pressures, but may cost their governments the fiscal revenues that external financial repression generates.

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management, Financial system regulation and policies, International topics, Recent economic and financial developments JEL Code(s): F, F3, F32, G, G1, G15