Posts
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Using Speed and Credit Limits to Address the Procyclicality of Initial Margin at Central Counterparties
This paper proposes a practical approach to address the procyclicality of initial margin at central counterparties (CCPs) that can work even in periods of extreme stress. The approach allows CCPs to limit the speed of margin increases resulting from spikes in market volatility. -
January 15, 2008
Bank of Canada Review - Winter 2007-2008
Cover page
Roman Antoninianus
The coins form part of the National Currency Collection of the Bank of Canada.
Photography by Gord Carter, Ottawa. -
June 25, 2021
CFEC recommendations on dating conventions for foreign exchange contracts in light of new national holiday
In light of the newly-introduced National Day for Truth and Reconciliation holiday, and the closure of payment clearing and settlement systems, the Canadian Foreign Exchange Committee (CFEC) recommends that any existing forward foreign exchange contracts scheduled to settle on September 30, 2021 should be renegotiated to settle on September 29, 2021 instead. -
September 6, 2006
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. -
July 21, 2010
Fact sheet: Bank of Canada Celebrates 75 years
Born in the worst years of the Great Depression, and guiding Canada's economy ever since, the Bank of Canada celebrates its 75th year starting on 11 March 2010. The Bank of Canada was created by an Act of Parliament to foster the economic and financial well-being of all Canadians and is considered the country's pre-eminent […] -
Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions
Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many goods are jointly consumed, so that individual-level consumption in multi-person households is not directly observed. -
Private Capital Flows, Financial Development, and Economic Growth in Developing Countries
An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth. Proponents of capital account liberalization cite the growth-promoting attributes of capital inflows as a key benefit of financial integration for developing countries. -
The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation
The authors show that the widening of a foreign firm's U.S. investor base and the improved information environment associated with cross-listing on a U.S. exchange each have a separately identifiable effect on a firm's valuation. -
December 6, 2018
Year-End Economic Progress Report: Financial Vulnerabilities in Focus
Governor Poloz talks about how household debt levels and housing markets played a role in the latest interest-rate decision.