February 1, 2016
Uncategorized
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February 1, 2016
Completion of Public Consultations: Bank of Canada’s Criteria and Risk-Management Standards for Prominent Payment Systems
Today, the Bank of Canada published criteria and risk-management standards for prominent payment systems. -
January 31, 2016
Research Update - January 2016
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. -
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January 29, 2016
Bank of Canada Announces Higher Target for Settlement Balances to Reinforce the Target for the Overnight Rate
Effective Friday, 29 January 2016, the Bank is increasing the target for the minimum daily level of settlement balances to $500 million, from its current level of $150 million. This measure will remain in effect until further notice. -
January 28, 2016
Change to the Standard Terms for Auctions of Government of Canada Marketable Bonds and Terms and Conditions Governing the Morning Auction of Receiver General Cash Balances
The Department of Finance and the Bank of Canada have updated the rule for determining the coupon rates of Government of Canada nominal bonds. -
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Agency Costs, Risk Shocks and International Cycles
We add agency costs as in Carlstrom and Fuerst (1997) into a two-country, two-good international business-cycle model. In our model, changes in the relative price of investment arise endogenously.