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August 1, 2019
Changes to publication of interest rate statistics
Effective October 1, 2019, the Bank of Canada will no longer publish the monthly Chartered Bank Interest Rates. As well, the weekly rate will be relocated on our website. -
July 31, 2019
Research Update - July 2019
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. -
An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms
Liquidity demands in real-time gross settlement payment systems can be enormous. To reduce the liquidity requirement, central banks around the world have implemented liquidity savings mechanisms (LSMs). -
July 29, 2019
Changes to Assets Eligible as Collateral under the Bank of Canada’s (the Bank) Standing Liquidity Facility
As part of an ongoing review of the Bank’s collateral policy related to the Standing Liquidity Facility (SLF), the Bank is announcing two changes effective immediately. First, the Bank will introduce one new asset category (Other Public Sector), which combines the two previously-announced asset categories (Foreign Official Sector and Other Public Sector) into one category. -
July 29, 2019
Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – July 29, 2019 to April 8, 2020
The Bank of Canada (the Bank), through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS). -
Explaining Unusual Cash Patterns in 2018
There was an unusually large decline of bank notes in circulation in October 2018. Some have argued that this was due to the legalization of cannabis in Canada in mid-October. -
Lending Standards, Productivity and Credit Crunches
We propose a macroeconomic model in which adverse selection in investment drives the amplification of macroeconomic fluctuations, in line with prominent roles played by the credit crunch and collapse of the asset-backed security market in the financial crisis. -
Privacy as a Public Good: A Case for Electronic Cash
Cash gives users a high level of privacy when making payments, but the use of cash to make payments is declining. People increasingly use debit cards, credit cards or other methods to pay. -
How Oil Supply Shocks Affect the Global Economy: Evidence from Local Projections
We provide empirical evidence on the impact of oil supply shocks on global aggregates. To do this, we first extract structural oil supply shocks from a standard oil-price determination model found in the literature.