Uncategorized

• January 9, 2009

  Bank of Canada Announces Details of its 28 Day Term Loan Facility

  In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 28-day TLF transaction.

  Content Type(s): Press, Market notices
• January 8, 2009

  Financial Stability through Sound Risk Management

  Remarks Pierre Duguay Risk Management Association, Toronto Chapter Toronto, Ontario

  The extraordinary turmoil of 2007 and 2008 has brought to the fore many issues and challenges, most of which will be with us for some time as we deal with what has become the deepest financial crisis since the 1930s. Policy-makers around the world have taken bold and timely steps to deal with the financial instability and economic crisis, but it will take time for confidence to be restored and for markets to become fully functional again.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 6, 2009

  Results of the 6 January Term PRA Transaction

  The results of today's term PRA operations

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

  Bank of Canada Announces Details of its 28 Day Term PRA Transaction

  n accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 1 December, the Bank of Canada announced today that it will enter into a 28-day term PRA transaction

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

  Results of the 5 January 2009 Term PRA Transaction for Private Sector Money Market Instruments

  The results of today's term PRA operations.

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

  Results for the 5 January 2009 Term Loan Facility

  The results of today's TLF operation.

  Content Type(s): Press, Market notices
• January 2, 2009

  Bank of Canada Announces Details of its Term PRA Facility for Private Sector Money Market Instruments

  In accordance with the schedule of term purchase and resale agreement (PRA) auctions for private sector money market instruments announced on 28 November, the Bank of Canada announced today that it will enter into a 14-day term PRA transaction for private sector money market instruments

  Content Type(s): Press, Market notices
• January 2, 2009

  Bank of Canada Announces Details of its 28 Day Term Loan Facility

  In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 28-day TLF transaction

  Content Type(s): Press, Market notices

• Inventories, Markups, and Real Rigidities in Menu Cost Models

  Staff Working Paper 2009-6 Oleksiy Kryvtsov, Virgiliu Midrigan

  Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output and inflation. We argue here, in the spirit of Bils and Kahn (2000), that the behavior of marginal cost over the cycle is directly related to that of inventories, data on which is readily available.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Business fluctuations and cycles, Monetary policy transmission JEL Code(s): E, E3, E31, F, F1, F12

• Comparison of Auction Formats in Canadian Government Auctions

  Staff Working Paper 2009-5 Olivier Armantier, Nourredine Lafhel

  Using a rich sample of Canadian government securities auctions, we estimate the structural parameters of a share-auction model accounting for asymmetries across bidders. We find little evidence of asymmetries between participants at Canadian government nominal bond auctions.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Debt management, Financial markets, Market structure and pricing JEL Code(s): D, D4, D44, D6, D63, G, G2, G28