Posts

• Competing Currencies in the Laboratory

  Staff Working Paper 2017-53 Janet Hua Jiang, Cathy Zhang

  We investigate competition between two intrinsically worthless currencies as a result of decentralized interactions between human subjects. We design a laboratory experiment based on a simple two-country, two-currency search model to study factors that affect circulation patterns and equilibrium selection.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech JEL Code(s): C, C9, C92, D, D8, D83, E, E4, E40

• Good Volatility, Bad Volatility and Option Pricing

  Staff Working Paper 2017-52 Bruno Feunou, Cédric Okou

  Advances in variance analysis permit the splitting of the total quadratic variation of a jump diffusion process into upside and downside components. Recent studies establish that this decomposition enhances volatility predictions, and highlight the upside/downside variance spread as a driver of the asymmetry in stock price distributions.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Econometric and statistical methods JEL Code(s): G, G1, G12
• December 6, 2017

  Bank of Canada maintains overnight rate target at 1 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

  Content Type(s): Press, Press releases
• November 30, 2017

  Research Update - November 2017

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• November 30, 2017

  Banking and Financial Statistics - November 2017

  Content Type(s): Publications, Historical: Banking and Financial Statistics

• Central Bank Digital Currency: Motivations and Implications

  Staff Discussion Paper 2017-16 Walter Engert, Ben Fung

  The emergence of digital currencies such as Bitcoin and the underlying blockchain and distribution ledger technology have attracted significant attention. These developments have raised the possibility of considerable impacts on the financial system and perhaps the wider economy.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42, E5
• November 29, 2017

  Bank of Canada announces finalists for the third annual Governor’s Challenge

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the finalists for the 2017–18 edition of The Governor’s Challenge, a competition in which university students simulate the role of advisor to the Bank’s Governing Council.

  Content Type(s): Press, Press releases Source(s): The Governor's Challenge
• November 29, 2017

  Quarterly Financial Report - Third Quarter 2017

  Quarterly Financial Report - Third Quarter 2017 - For the period ended September 30, 2017

  Content Type(s): Publications, Quarterly Financial Report
• November 28, 2017

  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
• November 28, 2017

  Vulnerabilities in the Canadian financial system remain elevated, but elements for improvement are emerging

  Media Relations Ottawa, Ontario

  The high level of household indebtedness and housing market imbalances remain the most important vulnerabilities identified by the Bank of Canada in its Financial System Review (FSR), published today. While these vulnerabilities are still elevated, improving economic conditions and recent changes to housing policy should support an easing of these vulnerabilities over time.

  Content Type(s): Press, Press releases