Posts
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May 30, 2018
Quarterly Financial Report - First Quarter 2018
Quarterly Financial Report - First Quarter 2018 - For the period ended March 31, 2018 -
June 30, 2014
Research Update - June 2014
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
Tail Risk in a Retail Payment System: An Extreme-Value Approach
The increasing importance of risk management in payment systems has led to the development of an array of sophisticated tools designed to mitigate tail risk in these systems. In this paper, we use extreme value theory methods to quantify the level of tail risk in the Canadian retail payment system (ACSS) for the period from 2002 to 2015. -
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External Stability, Real Exchange Rate Adjustment and the Exchange Rate Regime in Emerging-Market Economies
In emerging-market economies, real exchange rate adjustment is critical for maintaining a sustainable current account position and thereby for helping to reduce macroeconomic and financial instability. -
May 24, 2022
An Overview of Lynx, Canada’s High-Value Payment System
This document provides an overview of Lynx—Canada’s high-value payment system—and summarizes the system’s design. It explains the development and purpose of Lynx as well as the legal and regulatory framework governing its operation. It also describes the various settlement mechanisms and processes Lynx uses to allow system participants to meet their diverse payment needs while ensuring that risks that arise in the system are managed appropriately. -
January 31, 2017
Models and the Art and Science of Making Monetary Policy
Governor Stephen S. Poloz discusses the evolution of economic models and the need for central bankers to apply judgment in using them. -
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January 30, 2008
Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology
To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. The Bank of Canada Act calls on us to mitigate "fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada."