Uncategorized

• November 30, 2011

  Coordinated Central Bank Action to Address Pressures in Global Money Markets

  The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system.

  Content Type(s): Press, Market notices
• November 29, 2011

  With a Little Help from Your Friends: The Virtues of Global Economic Coordination

  Remarks John Murray State University of New York at Plattsburgh Plattsburgh, New York

  Deputy Governor John Murray discusses the importance of global economic policy coordination in a speech at the State University of New York College in Plattsburgh, New York.

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

• The Role of Time-Varying Price Elasticities in Accounting for Volatility Changes in the Crude Oil Market

  Staff Working Paper 2011-28 Christiane Baumeister, Gert Peersman

  There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil production since the early 1990s. We explore reasons for this evolution. We show that a likely explanation of this empirical fact is that both the short-run price elasticities of oil demand and of oil supply have declined considerably since the second half of the 1980s.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): E, E3, E31, E32, Q, Q4, Q43
• November 28, 2011

  Quarterly Financial Report - Third Quarter 2011

  Quarterly Financial Report - Third Quarter 2011 - For the period ended 30 September 2011

  Content Type(s): Publications, Quarterly Financial Report
• November 25, 2011

  Summary of the 2011 Survey on Canadian Foreign Exchange Hedging

  Since 2004, the Bank of Canada has carried out a qualitative annual survey to assess the degree of activity in Canadian foreign exchange (FX) hedging.

  Content Type(s): Press, Market notices Source(s): Canadian Foreign Exchange Committee

• Security Transaction Taxes and Market Quality

  Staff Working Paper 2011-26 Anna Pomeranets, Daniel G. Weaver

  We examine nine changes in the New York State Security Transaction Taxes (STT) between 1932 and 1981. We find that imposing or increasing an STT results in wider bidask spreads, lower volume, and increased price impact of trades.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Financial markets, Market structure and pricing JEL Code(s): C, C4, C43, G, G1, G10, G12
• November 23, 2011

  Renewing Canada’s Monetary Policy Framework

  Remarks Mark Carney Board of Trade of Metropolitan Montreal Montréal, Quebec

  Governor Mark Carney discusses the key elements of Canada’s inflation-targeting regime.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 17, 2011

  Promoting Canada’s Economic and Financial Well-being in an Uncertain World

  Presentation Jean Boivin Thompson Chamber of Commerce Thompson, Manitoba

  Deputy Governor Jean Boivin discusses the Bank of Canada’s current economic outlook, the road from recession to recovery, and the Bank’s four main responsibilities.

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

• What Matters in Determining Capital Surcharges for Systemically Important Financial Institutions?

  Staff Discussion Paper 2011-9 Céline Gauthier, Toni Gravelle, Xuezhi Liu, Moez Souissi

  One way of internalizing the externalities that each individual bank imposes on the rest of the financial system is to impose capital surcharges on them in line with their systemic importance.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial system regulation and policies JEL Code(s): C, C1, C15, C8, C81, E, E4, E44, G, G0, G01, G2, G21
• November 17, 2011

  New Developments in Payments and Settlement

  Conference held on 17 and 18 November 2011 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops