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June 20, 2010
Financial System Review - June 2010
Risks to the stability of both the Canadian and the global financial systems appeared to be diminishing for most of the period since the last Financial System Review (FSR), as the recovery in financial conditions and the macroeconomic environment continued to solidify.
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June 18, 2010
Fortune Favours the Bold
From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. -
Inflation and Unemployment in Competitive Search Equilibrium
Using a monetary search model, Rocheteau, Rupert and Wright (2007) show that the relationship between inflation and unemployment can be positive or negative depending on the primitives of the model. The key features are indivisible labor, nonseparable preferences and bargaining. -
June 17, 2010
Operational Changes to the Bond Buyback Program
In April 2010, officials from the Department of Finance and the Bank of Canada sought the views of institutional investors, government securities distributors, and other interested parties on issues relating to the management of the cash flow profile of Government of Canada securities over the medium term and on the demand for long-term bonds (nominal and Real Return). -
June 17, 2010
Changes to Eligible Securities and Margin Requirements for the Bank of Canada's Standing Liquidity Facility (SLF)
As part of an ongoing review of collateral policy related to the Bank of Canada's Standing Liquidity Facility (SLF), the Bank is broadening the list of assets acceptable as collateral and revising its margin requirements. -
June 16, 2010
Fortune Favours the Bold
From the end of 2008 to the middle of last year, Canada experienced a short, sharp recession. With the exception of government spending, all major components of aggregate demand declined, and industrial production dropped 15 per cent. Canadian exporters suffered particularly, owing to the sharp fall in the components of U.S. economic activity that matter most for Canada. -
June 15, 2010
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Professor Prasanna Gai as Special Adviser for 2010–11.