Uncategorized

• November 20, 2009

  Bank of Canada Announces Details of its Term PRA Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation as follows.

  Content Type(s): Press, Market notices
• November 20, 2009

  Liquidity and the Financial System

  Conference held 20 and 21 November 2009 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• November 19, 2009

  The Evolution of the International Monetary System

  Remarks Mark Carney Foreign Policy Association, New York City New York, New York

  In response to the worst financial crisis since the 1930s, policy-makers around the globe are providing unprecedented stimulus to support economic recovery and are pursuing a radical set of reforms to build a more resilient financial system.

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

• Optimal Monetary Policy during Endogenous Housing-Market Boom-Bust Cycles

  Staff Working Paper 2009-32 Hajime Tomura

  This paper uses a small-open economy model for the Canadian economy to examine the optimal Taylor-type monetary policy rule that stabilizes output and inflation in an environment where endogenous boom-bust cycles in house prices can occur.

  Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Financial stability, Inflation targets JEL Code(s): E, E4, E44, E5, E52

• Real Time Detection of Structural Breaks in GARCH Models

  Staff Working Paper 2009-31 Zhongfang He, John M. Maheu

  A sequential Monte Carlo method for estimating GARCH models subject to an unknown number of structural breaks is proposed. Particle filtering techniques allow for fast and efficient updates of posterior quantities and forecasts in real time.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Financial markets JEL Code(s): C, C1, C11, C15, C2, C22, C5, C53
• November 12, 2009

  New Frontiers in Monetary Policy Design

  Conference Proceedings held 12 and 13 November 2009 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• November 9, 2009

  Results of the 9 November 2009 Term PRA Transaction

  The results of today's term PRA operations are as follows.

  Content Type(s): Press, Market notices
• November 6, 2009

  Bank of Canada Announces Details of its Term PRA Operation

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 20 October (see schedule), the Bank of Canada announced today that it will conduct a term PRA operation as follows.

  Content Type(s): Press, Market notices
• November 5, 2009

  Changes to Policy Regarding the Non-Mortgage Loan Portfolio as Collateral for the Bank of Canada's Standing Liquidity Facility (SLF)

  Given improved conditions in funding markets, the Bank of Canada is announcing that, starting 2 February 2010, its temporary measure of allowing Large Value Transfer System (LVTS) participants to assign their non-mortgage loan portfolios as eligible collateral for LVTS and Standing Liquidity Facility (SLF) purposes will be gradually reduced from 100 per cent to 20 per cent of each participant's total pledged collateral.

  Content Type(s): Press, Market notices
• November 5, 2009

  Debt Strategy Consultations - 2010-11 Views Sought on Issues Relating to the Government's Domestic Debt Program

  The Department of Finance and the Bank of Canada are seeking the views of government securities distributors, institutional investors, and other interested parties on issues relating to the design and operation of the domestic Government of Canada debt program for 2010-11 and beyond.

  Content Type(s): Press, Market notices