Posts

• Changes in Payment Timing in Canada’s Large Value Transfer System

  Staff Working Paper 2015-20 Nellie Zhang

  This paper uncovers trends in payment timing in Canada’s Large Value Transfer System (LVTS) from 2003 to 2011. Descriptive analysis shows that LVTS payment activity has not been peaking in the late afternoon since 2008, and the improvement was most significant in 2009.

  Content Type(s): Staff working papers Topic(s): Payment clearing and settlement systems JEL Code(s): E, E5, E50, G, G2, G20
• June 19, 2015

  Weekly Financial Statistics - 19 June 2015

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• June 15, 2015

  Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – June 15, 2015 to July 22, 2018

  The Bank of Canada, through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS).

  Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility
• June 15, 2015

  Changes to Margin Requirements for the Bank of Canada’s Standing Liquidity Facility (SLF)

  As part of the ongoing review of the collateral policy related to the Bank of Canada’s Standing Liquidity Facility (SLF), the Bank has revised the margin requirements applied to certain securities accepted as SLF collateral.

  Content Type(s): Press, Market notices
• June 15, 2015

  Public Consultation: Draft Terms for Auctions of Government of Canada Ultra-Long Bonds

  The Government of Canada is considering moving to a modified auction format for any future issuance of 50-year bonds (ultra-long bonds).

  Content Type(s): Press, Market notices

• Productive Misallocation and International Transmission of Credit Shocks

  Staff Working Paper 2015-19 Yuko Imura, Julia Thomas

  We develop an asymmetric, two-country equilibrium business cycle model to study the role of international trade in transmitting and propagating the real effects of global financial shocks. Our model predicts that a recession in a large economy considerably alters a recession in its smaller trade partner, with distinct investment dynamics driving the transmission.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Financial markets, Financial stability, International topics JEL Code(s): E, E2, E22, E3, E32, E4, E44, F, F4, F41, F44

• Government and Private E-Money-Like Systems: Federal Reserve Notes and National Bank Notes

  Staff Working Paper 2015-18 Warren E. Weber

  The period from 1914 to 1935 in the United States is unique in that it was the only time that both privately-issued bank notes (national bank notes) and central bank-issued bank notes (Federal Reserve notes) were simultaneously in circulation.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Digital currencies and fintech, Financial services JEL Code(s): E, E4, E41, E42, E5, E58
• June 12, 2015

  Weekly Financial Statistics - 12 June 2015

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• June 12, 2015

  Proposed Criteria and Risk-Management Standards for Prominent Payment Systems

  In December 2014, the Payment Clearing and Settlement Act was amended to give the Bank of Canada responsibility for identifying and overseeing payments systems that have the potential to pose payments system risk (these will be referred to as prominent payment systems).

  Content Type(s): Press, Market notices
• June 11, 2015

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches and appearances, Opening statements Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet