Posts

• Multibank Holding Companies and Bank Stability

  Staff Working Paper 2018-51 Radoslav Raykov, Consuelo Silva-Buston

  This paper studies the relationship between bank holding company affiliation and the individual and systemic risk of banks. Using the 2005 hurricane season in the US as an exogenous shock to bank balance sheets, we show that banks that are part of a holding parent company are more resilient than independent banks.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G2
• October 25, 2018

  Money for Nothing? A Central Banker’s Take on Cryptoassets

  Presentation Carolyn A. Wilkins Princeton University Princeton, New Jersey

  Senior Deputy Governor Carolyn A. Wilkins discusses cryptoassets and the key questions they pose for central banks.

  Content Type(s): Press, Speeches and appearances, Presentations Research Topic(s): Digital currencies and fintech
• October 24, 2018

  Monetary Policy Report Press Conference Opening Statement

  Opening statement Carolyn A. Wilkins

  Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 24, 2018

  Bank of Canada increases overnight rate target to 1 ¾ per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

  Content Type(s): Press, Press releases
• October 24, 2018

  Monetary Policy Report – October 2018

  

  The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020.

  Content Type(s): Publications, Monetary Policy Report
• October 22, 2018

  Payments Canada, the Bank of Canada, TMX Group, Accenture and R3 publish report about the feasibility of equity settlement through Distributed Ledger Technology

  This joint press release describes a new report on the findings of the third phase of the Project Jasper research initiative.

  Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech

• Introducing a Systematic Measure of Idiosyncratic Prices

  Staff Analytical Note 2018-33 Madigan Dockrill, Laurence Savoie-Chabot

  There is a risk that Bank of Canada staff may inadvertently be biased when analyzing inflation: when inflation surprises on the downside, staff might emphasize negative idiosyncratic factors. When inflation surprises on the upside, staff might emphasize the positive idiosyncratic factors.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Inflation and prices, Recent economic and financial developments JEL Code(s): E, E3, E31
• October 16, 2018

  Keeping the financial system healthy

  

  Joshua Slive, Donald Coletti

  We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Credit risk management, Financial stability, Financial system regulation and policies, International topics, Sectoral balance sheet
• October 16, 2018

  Navigating digital disruption and the economy

  

  Eric Santor

  Technology can enhance efficiency and help create new jobs, but challenges like automation's impact on employment also need careful consideration and proactive solutions.

  Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Central bank research, Digital currencies and fintech, Digitalization, Economic models, Labour markets, Market structure and pricing, Productivity, Recent economic and financial developments, Service sector

• Is a Cashless Society Problematic?

  Staff Discussion Paper 2018-12 Walter Engert, Ben Fung, Scott Hendry

  The use of bank notes in Canada for payments has declined consistently for some time, and similar trends are evident in other countries. This has led some observers to predict a cashless society in the future.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42, E5