E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems

• Central Bank Digital Currencies: A Framework for Assessing Why and How

  Staff Discussion Paper 2016-22 Ben Fung, Hanna Halaburda

  Digital currencies have attracted strong interest in recent years and have the potential to become widely adopted for use in making payments. Public authorities and central banks around the world are closely monitoring developments in digital currencies and studying their implications for the economy, the financial system and central banks.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42
• November 17, 2016

  Market Operations and Liquidity Provision at the Bank of Canada

  Bank of Canada Review - Autumn 2016 Mark de Guzman

  The Bank of Canada’s framework for market operations and liquidity provision describes how and when central bank liquidity might be offered with regards to the implementation of monetary policy and for supporting the stability of the Canadian financial system. Market participants can therefore plan their transactions knowing that the Bank stands ready to help manage system liquidity to support its objectives for monetary policy and financial stability.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets, Financial stability, Monetary policy framework, Monetary policy implementation, Monetary policy transmission, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E52, E58, G, G0, G01
• November 17, 2016

  Reinventing the Role of Central Banks in Financial Stability

  Bank of Canada Review - Autumn 2016 Domenico Lombardi, Lawrence L. Schembri

  Central banks contribute importantly to the promotion of financial stability given their sys-tem-wide macro-financial perspective and existing roles as lender of last resort and overseer of systemic payment systems. Since the global financial crisis, the financial system role of central banks has expanded to place more emphasis on the prevention of financial stress and crises. Central banks work with other responsible authorities to enhance financial system resilience and to assess and mitigate financial vulnerabilities and systemic risk.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial stability, Financial system regulation and policies, Lender of last resort, Monetary policy framework JEL Code(s): E, E4, E42, E5, E58, E6, E61, G, G2, G28