Posts

• Financial Crisis Interventions

  Staff Working Paper 2016-29 Josef Schroth

  This paper develops a model of an economy where bank credit supports both productive investment and individual consumption smoothing in the face of idiosyncratic income risk. Bank credit is constrained by bank equity capital.

  Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Lender of last resort JEL Code(s): E, E1, E13, E3, E32, E4, E44
• June 24, 2016

  Weekly Financial Statistics - 24 June 2016

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

• The Real-Time Properties of the Bank of Canada’s Staff Output Gap Estimates

  Staff Working Paper 2016-28 Julien Champagne, Guillaume Poulin-Bellisle, Rodrigo Sekkel

  We study the revision properties of the Bank of Canada’s staff output gap estimates since the mid-1980s. Our results suggest that the average staff output gap revision has decreased significantly over the past 15 years, in line with recent evidence for the U.S.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Econometric and statistical methods, Potential output JEL Code(s): C, C3, C38, E, E1, E17, E3, E32
• June 24, 2016

  Statement of G7 Finance Ministers and Central Bank Governors

  Media Relations

  We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market developments following the outcome of the referendum on the UK’s membership of the EU.

  Content Type(s): Press, Press releases
• June 20, 2016

  CFIF Meeting (June 20, 2016)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• June 17, 2016

  Weekly Financial Statistics - 17 June 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• June 17, 2016

  Unlocking fintech’s promise requires collaboration, says Senior Deputy Governor Wilkins

  Media Relations Calgary, Alberta

  Technological innovation in financial services could transform the financial system, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today. But realizing the benefits of fintech, while guarding against the risks it could create, requires strong collaboration among actors in the financial system.

  Content Type(s): Press, Press releases
• June 17, 2016

  Fintech and the Financial Ecosystem: Evolution or Revolution?

  Remarks Carolyn A. Wilkins Payments Canada Calgary, Alberta

  Senior Deputy Governor Carolyn Wilkins calls for the public and private sectors to work closely together to realize fintech’s full benefits and minimize its risks.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Digital currencies and fintech, Financial institutions, Financial services, Financial stability, Financial system regulation and policies, Payment clearing and settlement systems

• Clearing and Settlement Systems from Around the World: A Qualitative Analysis

  Staff Discussion Paper 2016-14 Michael Tompkins, Ariel Olivares

  As Canada continues to engage in a dialogue to develop the approach to modernizing its core payment systems, we analyze the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions, encompassing a broad range of geographic regions, through three levels of analysis.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial services, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, L, L1, L14, L15, L5, L52
• June 15, 2016

  Canadian economy making progress, Governor Poloz says

  Media Relations Whitehorse, Yukon

  The Canadian economy is making progress in adjusting to low oil prices and recovering from the global financial crisis, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases