April 20, 2016
Posts
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April 19, 2016
Opening Statement before the House of Commons Standing Committee on Finance
Good morning, Mr. Chairman and committee members. Senior Deputy Governor Wilkins and I are happy to be back to discuss the Bank’s Monetary Policy Report (MPR), which we published last week. I extend particular greetings to the new members of this committee, and look forward to being with you twice a year to talk about […] -
A General Approach to Recovering Market Expectations from Futures Prices with an Application to Crude Oil
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset. -
April 17, 2016
Digital Disruptions to the Financial System, Opportunities and Threats
Archived panel discussion at the International Monetary Fund seminar. -
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April 15, 2016
Bank of Canada announces recipients of 2016 Fellowship and Governor’s awards
The Bank of Canada is pleased to announce Professor Daniel Trefler from the Rotman School of Management at the University of Toronto and Professor Francesco Trebbi from the University of British Columbia’s Vancouver School of Economics as the 2016 recipients of the Bank’s Fellowship Award. -
Opaque Assets and Rollover Risk
We model the asset-opacity choice of an intermediary subject to rollover risk in wholesale funding markets. Greater opacity means investors form more dispersed beliefs about an intermediary’s profitability. -
Asset Encumbrance, Bank Funding and Financial Fragility
In this piece we show that a limit on the level of asset encumbrance and minimum capital requirements are effective tools for minimizing the incentive for banks to take excessive risk. -
April 14, 2016
Results of the 27-day and 83-day 14 April 2016 Term Repo Operation
Results of today's term repo operation. -
April 14, 2016
Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation
Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation.