Uncategorized

• December 23, 2002

  The CLS Bank: Managing Risk in Foreign Exchange Settlements

  Financial System Review - December 2002 Paul Miller, Carol Ann Northcott

  Content Type(s): Publications, Financial System Review articles
• December 23, 2002

  The Impact of Participant Outages on Canada’s Large Value Transfer System

  Financial System Review - December 2002 Kim McPhail, David Senger

  Content Type(s): Publications, Financial System Review articles
• December 23, 2002

  Financial Structure and Economic Growth: A Non-Technical Survey

  Financial System Review - December 2002 Veronika Dolar, Césaire Meh

  Content Type(s): Publications, Financial System Review articles
• December 3, 2002

  Bank of Canada keeps target for the overnight rate at 2 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.

  Content Type(s): Press, Press releases
• December 2, 2002

  Canadian Foreign Exchange Market Liquidity and Exchange Rate Dynamics

  Financial System Review - December 2002 Chris D'Souza

  Content Type(s): Publications, Financial System Review articles

• Salaire réel, chocs technologiques et fluctuations économiques

  Staff Working Paper 2002-42 Dominique Tremblay

  The author presents empirical evidence that he has obtained from an analysis of the response of different economic variables, including the real wage rate, to a technology shock.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): C, C3, C32, E, E2, E24, E3, E32

• Inflation Changes, Yield Spreads, and Threshold Effects

  Staff Working Paper 2002-40 Greg Tkacz

  Using interest rate yield spreads to explain changes in inflation, we investigate whether such relationships can be modelled using two-regime threshold models.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Interest rates JEL Code(s): C, C5, C51, E, E3, E31

• The Performance and Robustness of Simple Monetary Policy Rules in Models of the Canadian Economy

  Technical Report No. 92 Denise Côté, John Kuszczak, Jean-Paul Lam, Ying Liu, Pierre St-Amant

  In this report, we evaluate several simple monetary policy rules in twelve private and public sector models of the Canadian economy. Our results indicate that none of the simple policy rules we examined is robust to model uncertainty, in that no single rule performs well in all models.

  Content Type(s): Staff research, Technical reports Topic(s): Monetary policy and uncertainty JEL Code(s): E, E5, E52, E58
• November 25, 2002

  Debt-Strategy Consultations 2003/04 - Views Sought on Issues Relating to the Design and Operation of Government Debt Programs in 2003/04 and Beyond

  A consultation document on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond, prepared jointly by the Department of Finance and the Bank of Canada, was published today. Debt-strategy planning is based on the fiscal outlook in the 2002 Economic and Fiscal Update released 30 October 2002, which projects that government borrowing in financial markets will remain near current levels.

  Content Type(s): Press, Market notices
• November 25, 2002

  Debt-Strategy 2003/04 Consultation Document

  The purpose of the consultations is to obtain the views of market participants on issues relating to the design and operation of government debt programs for fiscal year 2003/04 and beyond.