Posts

• March 24, 2014

  Financial Benchmarks: A Question of Trust

  Remarks Timothy Lane Osgoode Hall Law School and Schulich School of Business Toronto, Ontario

  In his speech, “Financial Benchmarks: A Question of Trust,” Deputy Governor Timothy Lane discusses the importance of financial benchmarks, recent issues, and steps to address them to re-establish trust.”

  Content Type(s): Press, Speeches and appearances, Remarks
• March 21, 2014

  Financialization of Commodity Markets

  Workshop held on 21 March 2014 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• March 21, 2014

  Weekly Financial Statistics - 21 March 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• March 18, 2014

  Demographics, Crisis Aftermath Pose Limits to Growth, Says Bank of Canada Governor Stephen S. Poloz

  Media Relations Halifax, Nova Scotia

  Demographic forces and the hangover from the global financial crisis together are putting limits on economic growth, Bank of Canada Governor Stephen S. Poloz said today in Halifax. “A period of subdued growth after a financial crisis can still be regarded as cyclical, in the sense that it will eventually prove to be temporary,” Governor […]

  Content Type(s): Press, Press releases
• March 18, 2014

  Redefining the Limits to Growth

  Remarks Stephen S. Poloz Halifax Chamber of Commerce Halifax, Nova Scotia

  Bank of Canada Governor Stephen S. Poloz discusses the forces that are holding back economic growth in Canada and the world.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 14, 2014

  Weekly Financial Statistics - 14 March 2014

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• March 13, 2014

  Changes to Conditions for Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF)

  On September 5 2013, the Bank of Canada announced planned changes to concentration limits for private sector and municipal securities in relation to Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF).

  Content Type(s): Press, Market notices

• Macroeconomic Experiences and Risk Taking of Euro Area Households

  Staff Working Paper 2014-10 Miguel Ampudia, Michael Ehrmann

  This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households.

  Content Type(s): Staff research, Staff working papers Topic(s): Sectoral balance sheet JEL Code(s): D, D0, D03, D1, D14, D8, D83, G, G1, G11

• Labor Market Participation, Unemployment and Monetary Policy

  Staff Working Paper 2014-9 Alessia Campolmi, Stefano Gnocchi

  We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Labour markets, Monetary policy transmission JEL Code(s): E, E2, E24, E3, E32, E5, E52

• Rollover Risk and the Maturity Transformation Function of Banks

  Staff Working Paper 2014-8 Teodora Paligorova, João Santos

  This paper shows that banks that rely heavily on short-term funding engage less in maturity transformation in an attempt to decrease their exposure to rollover risk. These banks shorten both the maturity of their portfolio of loans as well as the maturity of newly issued loans. We find that the loan yield curve becomes steeper with banks’ increasing use of short-term funding.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability JEL Code(s): G, G2, G21