Posts

• To Share or Not to Share? Uncovered Losses in a Derivatives Clearinghouse

  Staff Working Paper 2016-4 Radoslav Raykov

  This paper studies how the allocation of residual losses affects trading and welfare in a central counterparty. I compare loss sharing under two loss-allocation mechanisms – variation margin haircutting and cash calls – and study the privately and socially optimal degree of loss sharing.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Payment clearing and settlement systems JEL Code(s): G, G1, G19, G2, G21
• February 19, 2016

  Weekly Financial Statistics - 19 February 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Monetary Commitment and the Level of Public Debt

  Staff Working Paper 2016-3 Stefano Gnocchi, Luisa Lambertini

  We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities.

  Content Type(s): Staff research, Staff working papers Topic(s): Credibility, Fiscal policy, Inflation targets, Monetary policy framework JEL Code(s): E, E2, E24, E3, E32, E5, E52
• February 16, 2016

  Bank of Canada Announces Future Changes to its Published Foreign Exchange Rate Data

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that, effective 1 March 2017, it will make a series of changes to the number, frequency and calculation methodology of its published foreign exchange rates.

  Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
• February 16, 2016

  Bank of Canada announces winners of The Governor’s Challenge student competition

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the winners of The Governor’s Challenge, a new student competition in which teams simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• February 16, 2016

  Results of the 28-day and 84-day 16 February 2016 Term Repo Operation

  Results of today's term repo operation.

  Content Type(s): Press, Market notices
• February 16, 2016

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation

  Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation.

  Content Type(s): Press, Market notices

• The Role of the International Monetary Fund in the Post-Crisis World

  Staff Discussion Paper 2016-6 Mark Kruger, Robert Lavigne, Julie McKay

  The International Monetary Fund (IMF, or the Fund) has undergone a number of significant policy changes and reforms in the wake of the global financial crisis. Most notably, in December 2015, the United States approved long-delayed legislation to increase the representation of developing countries in the Fund’s governance structure.

  Content Type(s): Staff research, Staff discussion papers Topic(s): International topics JEL Code(s): F, F3, F33
• February 12, 2016

  Bank of Canada Announces Details of its Term Repo Operations

  The Bank of Canada announced today that it will conduct term repo operations.

  Content Type(s): Press, Market notices
• February 12, 2016

  Bank of Canada Announces 2016 Scholarship Recipients

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the inaugural winners of its student Scholarship and Work Placement Program.

  Content Type(s): Press, Press releases Source(s): Scholarship awards