March 28, 2014
Posts
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March 26, 2014
Oversight Activities during 2013 under the Payment Clearing and Settlement Act
This report reviews the Bank of Canada's oversight activities during 2013 and priorities for 2014 pursuant to the Payment Clearing and Settlement Act (PCSA). This annual report is intended to provide transparency and accountability regarding the Bank's activities in this area. -
Do Sunspots Matter? Evidence from an Experimental Study of Bank Runs
A "sunspot" is a variable that has no direct impact on the economy’s fundamental condition, such as preferences, endowments or technologies, but may nonetheless affect economic outcomes through the expectations channel as a coordination device. This paper investigates how people react to sunspots in the context of a bank-run game in a controlled laboratory environment. -
Do High-Frequency Financial Data Help Forecast Oil Prices? The MIDAS Touch at Work
The substantial variation in the real price of oil since 2003 has renewed interest in the question of how to forecast monthly and quarterly oil prices. There also has been increased interest in the link between financial markets and oil markets, including the question of whether financial market information helps forecast the real price of oil in physical markets. -
March 24, 2014
Financial Benchmarks: A Question of Trust
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.” -
March 21, 2014
Financialization of Commodity Markets
Workshop held on 21 March 2014 (papers in unedited, electronic format only) -
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March 18, 2014
Demographics, Crisis Aftermath Pose Limits to Growth, Says Bank of Canada Governor Stephen S. Poloz
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 […] -
March 18, 2014
Redefining the Limits to Growth
Bank of Canada Governor Stephen S. Poloz discusses the forces that are holding back economic growth in Canada and the world.