Posts
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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). -
Macroeconomic Experiences and Risk Taking of Euro Area Households
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. -
Labor Market Participation, Unemployment and Monetary Policy
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. -
Rollover Risk and the Maturity Transformation Function of Banks
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. -
March 8, 2014
The Bank launches improved, mobile-ready version of its website
The Bank of Canada has revamped its public website to make the site easier to read and navigate on a wide variety of devices. As well, the site offers new ways of browsing and monitoring Bank research activities. -
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March 6, 2014
Stepping Outside: Analyzing the Canadian Economy from an International Perspective
Deputy Governor John Murray discusses the Canadian economy from an international perspective. -
March 5, 2014
Bank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. -
March 3, 2014
Household Spending and Debt
Highlights the value of ‘prudent’ borrowing in enhancing welfare, but also the risks of over-indebtedness for households, the economy and financial stability. Discusses trends in household debt, various debt metrics and why monetary policy is concerned with how households use borrowed funds.