Uncategorized

• June 26, 2013

  Shedding Light on Shadow Banking

  Remarks Timothy Lane CFA Society Toronto Toronto, Ontario

  Deputy Governor Tim Lane will discuss the importance of shadow banking, its fragilities, and reform efforts underway to make it more resilient.

  Content Type(s): Press, Speeches and appearances, Remarks

• Money Market Rates and Retail Interest Regulation in China: The Disconnect between Interbank and Retail Credit Conditions

  Staff Working Paper 2013-20 Nathan Porter, TengTeng Xu

  Interest rates in China are composed of a mix of both market-determined interest rates (interbank rates and bond yields), and regulated interest rates (retail lending and deposit rates), reflecting China’s gradual process of interest rate liberalization.

  Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Econometric and statistical methods, Financial markets, Monetary policy framework, Monetary policy transmission JEL Code(s): C, C2, C22, E, E4, E43, E5, E52, E58
• June 19, 2013

  Reconstruction: Rebuilding Business Confidence in Canada

  Remarks Stephen S. Poloz Oakville Chamber of Commerce Burlington, Ontario

  Bank of Canada Governor Stephen S. Poloz discusses the structural damage to the Canadian economy caused by the crisis, and the need to rebuild Canada’s economic capacity and strengthen business confidence.

  Content Type(s): Press, Speeches and appearances, Remarks

• Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults

  Staff Working Paper 2013-19 M. Hashem Pesaran, TengTeng Xu

  This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on business cycle dynamics.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Economic models, Financial institutions JEL Code(s): E, E3, E32, E4, E44, G, G2, G21

• Booms and Busts in House Prices Explained by Constraints in Housing Supply

  Staff Working Paper 2013-18 Narayan Bulusu, Jefferson Duarte, Carles Vergara-Alert

  We study the importance of supply constraints in explaining the heterogeneity in house price cycles across geographies in the United States.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Economic models JEL Code(s): R, R3, R31

• Fire-Sale FDI or Business as Usual?

  Staff Working Paper 2013-17 Ron Alquist, Rahul Mukherjee, Linda Tesar

  Using a new data set, we examine the characteristics and dynamics of cross-border mergers and acquisitions during emerging-market financial crises, that is, so-called “fire-sale FDI.” Our findings shed fresh light on whether the transactions undertaken during crisis periods differ in fundamental ways from those undertaken during more tranquil periods.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, International financial markets, International topics JEL Code(s): F, F2, F21, G, G0, G01, G3, G34
• June 7, 2013

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Lynn Patterson as Special Adviser to the Governor.

  Content Type(s): Press, Press releases
• June 6, 2013

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Stephen S. Poloz House of Commons Standing Committee on Finance Ottawa, Ontario

  Bank of Canada Governor Stephen S. Poloz discusses the current economic context and how that is influencing the Bank’s work of delivering confidence.

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 3, 2013

  Coordinated Policies for Global Liquidity and Robust Growth

  Presentation Timothy Lane The Bank of Korea International Conference 2013 Seoul, Korea

  Deputy Governor Tim Lane discusses coordinated policies for global liquidity and growth.

  Content Type(s): Press, Speeches and appearances, Presentations
• May 30, 2013

  Quarterly Financial Report - First Quarter 2013

  Quaterly Financial Report - First Quarter 2013 - For the period ended 31 May 2013

  Content Type(s): Publications, Quarterly Financial Report