Posts

• February 4, 2021

  CORRA Advisory Group Meeting (February 4, 2021)

  Content Type(s): Meetings Source(s): CORRA Advisory Group

• Estimating Policy Functions in Payments Systems Using Reinforcement Learning

  Staff Working Paper 2021-7 Pablo S. Castro, Ajit Desai, Han Du, Rodney J. Garratt, Francisco Rivadeneyra

  We demonstrate the ability of reinforcement learning techniques to estimate the best-response functions of banks participating in high-value payments systems—a real-world strategic game of incomplete information.

  Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech, Financial institutions, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): A, A1, A12, C, C7, D, D8, D83, E, E4, E42, E5, E58
• January 31, 2021

  Research Update - January 2021

  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

• Eggs in One Basket: Security and Convenience of Digital Currencies

  Staff Working Paper 2021-6 Charles M. Kahn, Francisco Rivadeneyra, Tsz-Nga Wong

  Digital currencies store balances in anonymous electronic addresses. This paper analyzes the trade-offs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E51, E58
• January 26, 2021

  CFIF Meeting (January 26, 2021)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum

• (Optimal) Monetary Policy with and without Debt

  Staff Working Paper 2021-5 Boris Chafwehé, Rigas Oikonomou, Romanos Priftis, Lukas Vogel

  How should policy be designed at high debt levels, when fiscal authorities have little room to adjust taxes? Assigning the monetary authority a role in achieving debt sustainability makes it less effective in stabilizing inflation and output.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Fiscal policy, Monetary policy, Monetary policy framework JEL Code(s): C, C1, C11, E, E3, E31, E5, E52, E58, E6, E62
• January 26, 2021

  CFEC Releases Results of October 2020 Foreign Exchange Volume Survey

  The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2020 semi-annual survey of foreign exchange volumes in Canada.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee
• January 25, 2021

  CARR Meeting (January 25, 2021)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
• January 25, 2021

  Operational details for upcoming secondary market purchases of Government of Canada securities (February 1-12)

  As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP).

  Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
• January 22, 2021

  Bank of Canada announces changes to securities repo operations

  In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs).

  Content Type(s): Press, Market notices Source(s): Securities Repo Operations