October 28, 2010
Posts
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October 27, 2010
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. -
October 27, 2010
Financial Globalization and Financial Instability
Conference held on 27 to 29 October 2010 (papers in unedited, electronic format only) -
October 26, 2010
Reform of Over-the-Counter (OTC) Derivatives Markets in Canada: Discussion Paper from the Canadian OTC Derivatives Working Group
Today, the Canadian OTC Derivatives Working Group published a paper that sets out preliminary recommendations for implementing Canada's G-20 commitments related to OTC derivatives. -
October 26, 2010
Opening Statement before the House of Commons Standing Committee on Finance
We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. -
October 26, 2010
Reform of Over-the-Counter (OTC) Derivatives Markets in Canada
This discussion paper represents the work of the inter-agency Canadian OTC Derivatives Working Group (OTCD WG), formed in December 2009, that is chaired by the Bank of Canada and composed of members from the Office of the Superintendent of Financial Institutions (OSFI), the federal Department of Finance, the Ontario Securities Commission, the Autorité des marchés financiers, the Alberta Securities Commission and the Bank of Canada. -
Losses from Simulated Defaults in Canada's Large Value Transfer System
The Large Value Transfer System (LVTS) loss-sharing mechanism was designed to ensure that, in the event of a one-participant default, the collateral pledged by direct members of the system would be sufficient to cover the largest possible net debit position of a defaulting participant. However, the situation may not hold if the indirect effects of the defaults are taken into consideration, or if two participants default during the same payment cycle. -
The Effect of Exchange Rate Movements on Heterogeneous Plants: A Quantile Regression Analysis
In this paper, we examine how the effect of movements in the real exchange rate on manufacturing plants depends on the plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more competition from abroad as export opportunities shrink and import competition intensifies. -
Banks, Credit Market Frictions, and Business Cycles
The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator. -
October 21, 2010
Bank of Canada Warns of Email Scams
The Bank of Canada has become aware of email scams that send unsolicited emails falsely claiming to originate from the Bank of Canada.