June 11, 2007
Uncategorized
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A vision for IMF Surveillance
The ongoing review of the IMF, initiated in 2005 by Managing Director De Rato, presents an excellent opportunity to re-examine the role, functions and governance of the Fund. -
May 29, 2007
Bank of Canada keeps target for the overnight rate at 4 1/4 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. -
May 28, 2007
Demographic Changes and Policy Implications
Conference held on 28 and 29 May 2007 (papers in unedited, electronic format only) -
May 21, 2007
Making Global Economic Institutions Work – What the World Needs Now
For 85 years, the Council has promoted the idea that the United States should take a leading role in addressing global challenges. And it has done so consistently through the years, even during times when isolationism was more fashionable. -
May 17, 2007
The Bank of Canada's Target for the Overnight Interest Rate: Policy Implementation Framework
The Bank of Canada has released The Bank of Canada's Target for the Overnight Interest Rate: Policy Implementation Framework. This document outlines the framework within which the Bank implements monetary policy, including the target for the overnight interest rate, the operating band, open market buyback operations, and settlement balances. -
May 15, 2007
Government Borrowers Forum
We are all interested in seeing the continued development of international capital markets, as part of the advancement of a market-based, liberalized trade and financial regime. Let's remember that an open, market-based economic system is increasingly vital, in a world where change is driven by the development of new technologies and modes of competition; and where adjustments are occurring all the time. -
May 10, 2007
Spring 2007 Consultations Document – Auction Plan for Real Return Bonds
In April 2007, officials from the Department of Finance and the Bank of Canada sought the views of institutional investors, government securities distributors, and other interested parties regarding the auction plan for Real Return Bonds (RRBs). The consultations were undertaken in view of the announcement, in the Debt Management Strategy for 2007/08, of an increase in the issuance of RRBs to slightly over $2 billion. -
May 10, 2007
A Sound Pension System – Handling Risk Appropriately
It goes without saying that a sound system of private pensions is important from the perspective of pensioners who rely on a given plan for their retirement income. For firms, a pension plan can help to attract and retain staff, and so the business community also counts on a sound pension system. -
May 4, 2007
The Importance of Appropriate Exchange Rate Regimes
Why do I think that such an order is so important? Well, in part it's because history has helped to demonstrate its virtues. But it's also extremely important to bear in mind the context, that is, the world in which we live today. This is a world in which adjustment is perpetual, where change is driven by the development of new technologies, where sectors and nations continually attempt to secure some new advantage. And in this world, price signals from markets help us to understand what adjustments are needed.