Uncategorized

• December 15, 2010

  Bank of Canada Announces Details of its Term Repo Operation for Balance Sheet Management Purposes

  The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes.

  Content Type(s): Press, Market notices

• The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN

  Staff Discussion Paper 2010-16 Carlos De Resende, Ali Dib, Nikita Perevalov

  The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Financial institutions, Financial stability, International topics JEL Code(s): E, E3, E32, E4, E44, E5, G, G1, G2

• Adverse Selection, Liquidity, and Market Breakdown

  Staff Working Paper 2010-32 Koralai Kirabaeva

  This paper studies the interaction between adverse selection, liquidity risk and beliefs about systemic risk in determining market liquidity, asset prices and welfare. Even a small amount of adverse selection in the asset market can lead to fire-sale pricing and possibly to a market breakdown if it is accompanied by a flight-to-liquidity, a misassessment of systemic risk, or uncertainty about asset values.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial markets, Financial stability JEL Code(s): D, D8, D82, G, G0, G01, G1, G11
• December 13, 2010

  Living with Low for Long

  Remarks Mark Carney Economic Club of Canada Toronto, Ontario

  Current turbulence in Europe is a reminder that the crisis is not over, but has merely entered a new phase. In a world awash with debt, repairing the balance sheets of banks, households and countries will take years.

  Content Type(s): Press, Speeches and appearances, Remarks
• December 9, 2010

  The Countercyclical Bank Capital Buffer: Insights for Canada

  Financial System Review - December 2010 David Xiao Chen, Ian Christensen

  Content Type(s): Publications, Financial System Review articles
• December 9, 2010

  Central Counterparties and Systemic Risk

  Financial System Review - December 2010 Eric Tuer, Nicholas Labelle, Nikil Chande

  Content Type(s): Publications, Financial System Review articles
• December 9, 2010

  Contingent Capital and Bail-In Debt: Tools for Bank Resolution

  Financial System Review - December 2010 Chris D'Souza, Liane Orsi, Toni Gravelle, Walter Engert

  Content Type(s): Publications, Financial System Review articles
• December 9, 2010

  Financial System Review - December 2010

  

  Although the global financial system continues to recover gradually from the unprecedented dislocations experienced in recent years, significant downside risks remain. Market concerns over acute fiscal strains in some euro-area countries have intensified sharply in recent weeks.

  FSR Highlights - December 2010

  Content Type(s): Publications, Financial Stability Report
• December 9, 2010

  Results of the 9 December 2010 Term Repo Operation for Balance Sheet Management Purposes

  Today's results of the Term Repo Operation for Balance Sheet Management Purposes

  Content Type(s): Press, Market notices
• December 8, 2010

  Bank of Canada Announces Details of its Term Repo for Balance Sheet Management Purposes Operation

  Primary dealers are asked to submit their bids to the Bank of Canada between 09:15 and 09:30 (ET) on the day of the auction. The results of this operation will be announced on the Bank’s web site by 10:00 (ET). Winning bidders must notify the Bank of Canada of the securities that will be used in the operation by 11:00 (ET) on the day of the auction.

  Content Type(s): Press, Market notices