Posts

• November 14, 2013

  Monetary Policy Decision Making at the Bank of Canada

  Bank of Canada Review - Autumn 2013 John Murray

  The process that the Bank of Canada follows to make its monetary policy decisions has evolved over time. This process is very information-intensive and collaborative, drawing on the expertise, judgment and analysis of many people. This article describes monetary policy decision making at the Bank, and discusses some common misconceptions about monetary policy and the process.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Monetary policy framework, Monetary policy implementation
• November 14, 2013

  Assessing Financial System Vulnerabilities: An Early Warning Approach

  Bank of Canada Review - Autumn 2013 Gurnain Pasricha, Tom Roberts, Ian Christensen, Brad Howell

  This article focuses on a quantitative method to identify financial system vulnerabilities, specifically, an imbalance indicator model (IIM) and its application to Canada. An IIM identifies potential vulnerabilities in a financial system by comparing current economic and financial data with data from periods leading up to past episodes of financial stress. It complements other sources of information - including market intelligence and regular monitoring of the economy - that policy-makers use to assess vulnerabilities.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Econometric and statistical methods, Financial stability, Monetary and financial indicators JEL Code(s): E, E6, E66, G, G0, G01
• November 14, 2013

  Fragmentation in Canadian Equity Markets

  Bank of Canada Review - Autumn 2013 Corey Garriott, Anna Pomeranets, Joshua Slive, Thomas Thorn

  Changes in technology and regulation have resulted in an increasing number of trading venues in equity markets in Canada. New trading platforms have intensified price competition and have encouraged innovation, and they do not appear to have segmented trade. But the increasingly complex market structure has necessitated investments in expensive technology and has introduced new operational risks. Regulatory responses should be carefully adapted to retain the competition and innovation associated with this market fragmentation.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Financial markets, Market structure and pricing JEL Code(s): G, G2, L, L1, L13, N, N2, N22
• November 14, 2013

  Bank of Canada Review - Autumn 2013

  

  The three articles in this issue provide an overview of the monetary policy decision-making process at the Bank of Canada, a discussion of Bank research on the assessment of vulnerabilities in the financial system and a description of recent fragmentation in Canadian equity markets.

  Content Type(s): Publications, Bank of Canada Review

• Some Economics of Private Digital Currency

  Staff Working Paper 2013-38 Joshua S. Gans, Hanna Halaburda

  This paper reviews some recent developments in digital currency, focusing on platform-sponsored currencies such as Facebook Credits.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Economic models, Payment clearing and settlement systems JEL Code(s): D, D4, D42, E, E4, L, L5, L51
• November 8, 2013

  Weekly Financial Statistics - 8 November 2013

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

  Quarterly Financial Report - Third Quarter 2013

  Quarterly Financial Report - Third Quarter 2013 - For the period ended 30 September 2013

  Content Type(s): Publications, Quarterly Financial Report
• November 7, 2013

  Bank of Canada Issues $5 and $10 Polymer Bank Notes

  Media Relations Ottawa, Ontario

  The Bank of Canada has announced the entry into circulation of the new $5 and $10 polymer bank notes. Starting today, these final two notes in the new polymer Frontiers series will be available at financial institutions across Canada.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• November 7, 2013

  $5 and $10 Bank Note Issue

  Remarks Stephen S. Poloz Canadian Space Agency Saint Hubert, Québec

  Governor Stephen S. Poloz announces the entry into circulation of the new $5 and $10 polymer bank notes.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• November 7, 2013

  $5 and $10 Bank Note Issue

  Remarks Tiff Macklem Vancouver Train Station Vancouver, British Columbia

  Senior Deputy Governor Tiff Macklem announces the entry into circulation of the new $5 and $10 polymer bank notes.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes