November 14, 2011
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November 14, 2011
Bank of Canada Issues $100 Bill – First Canadian Polymer Bank Note
The Bank of Canada today began circulating the new $100 bill – Canada’s first polymer bank note. This new note will be available at financial institutions from coast to coast to coast over the next few weeks. The $100 note features a portrait of Sir Robert Borden, Prime Minister of Canada between 1911 and 1920, […] -
November 8, 2011
Global Liquidity
Governor Mark Carney discusses how global liquidity cycles affect financial stability and economic growth, and what policy can do about it. -
November 7, 2011
Renewal of the Inflation-Control Target (November 2011)
Commentary and technical data relating to the 2011 target renewal. -
Innovation and Growth with Financial, and Other, Frictions
The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. -
Determinants of Financial Stress and Recovery during the Great Recession
In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price indices was comparable to that in high income countries, indicating that there was no decoupling, even before Lehman Brothers’ demise. -
November 3, 2011
Financial Intermediation and Market Dynamics
Conference held on 3 and 4 November 2011 (papers in unedited, electronic format only) -
November 2, 2011
Opening Statement before the Senate Standing Committee on National Finance
Good evening. Tiff and I are pleased to be here with you today to discuss retail price differentials between Canada and the United States. The mandate of the Bank of Canada is to enhance the well-being of Canadians by contributing to sustained economic growth. The single, most direct contribution that monetary policy can make to […] -
November 2, 2011
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Good afternoon. Tiff and I are pleased to be here with you today to discuss the October Monetary Policy Report, which the Bank published last week. The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July MPR have been realized. Volatility has increased and there has been […] -
November 1, 2011
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of David T. Beers as Special Adviser to the Governor. Mr. Beers, who is currently Global Head, Sovereign and International Public Finance Ratings at Standard & Poor’s, will serve for an 18-month term, beginning on 1 February 2012.