Posts

• May 31, 2017

  Research Update - May 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
• May 30, 2017

  Quarterly Financial Report - First Quarter 2017

  Quarterly Financial Report - First Quarter 2017 - For the period ended 31 March 2017

  Content Type(s): Publications, Quarterly Financial Report

• Volatility Risk and Economic Welfare

  Staff Working Paper 2017-20 Shaofeng Xu

  This paper examines the effects of time-varying volatility on welfare. I construct a tractable endogenous growth model with recursive preferences, stochastic volatility, and capital adjustment costs.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): E, E2, E3
• May 26, 2017

  Weekly Financial Statistics - 26 May 2017

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• May 25, 2017

  Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

  Financial System Review - June 2017 James Chapman, Rodney J. Garratt, Scott Hendry, Andrew McCormack, Wade McMahon

  This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.

  Content Type(s): Publications, Financial System Review articles Topic(s): Digital currencies and fintech, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, E5, E58, G, G2, G28
• May 25, 2017

  Banking and Financial Statistics - May 2017

  Content Type(s): Publications, Historical: Banking and Financial Statistics
• May 25, 2017

  Upgrading the Payments Grid: The Payoffs Are Greater Than You Think

  Remarks Sylvain Leduc Payments Canada Toronto, Ontario

  Deputy Governor Sylvain Leduc discusses how upgrading Canada’s core payment systems will contribute to financial stability and help the Bank keep inflation on target.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial markets, Financial stability, Financial system regulation and policies, Monetary policy implementation, Payment clearing and settlement systems
• May 24, 2017

  Bank of Canada maintains overnight rate target at 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

  Content Type(s): Press, Press releases
• May 19, 2017

  Weekly Financial Statistics - 19 May 2017

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

• Assessing the Predictive Ability of Sovereign Default Risk on Exchange Rate Returns

  Staff Working Paper 2017-19 Claudia Foroni, Francesco Ravazzolo, Barbara Sadaba

  Increased sovereign credit risk is often associated with sharp currency movements. Therefore, expectations of the probability of a sovereign default event can convey important information regarding future movements of exchange rates.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rates, International financial markets JEL Code(s): C, C2, C22, C5, C52, C53, F, F3, F31