Posts
-
-
-
September 14, 2010
Bundesbank Lecture 2010: The Economic Consequences of the Reforms
Keynes wrote prophetically of the economic consequences of the Treaty of Versailles. Could the same be said of current financial reforms? Are policy-makers taking for granted the essential role performed by finance in a vain pursuit of its risk-proofing? -
September 14, 2010
Economic Case for Global Financial Sector Reform Compelling, Bank of Canada Governor Mark Carney Says
The economic case for global financial sector reform is compelling, and the basic stakes are enormous, Bank of Canada Governor Mark Carney argued today in Berlin in a lecture that focused on the costs and benefits of reform. "Without credible, coordinated financial reforms, we risk losing the open trading and financial system that has underpinned the economic miracle of recent times," he said. -
September 10, 2010
Restoring Faith in the International Monetary System
We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead. -
September 10, 2010
Renewed faith in the international monetary system is essential for G20 success, says Bank of Canada Governor Mark Carney
Bank of Canada Governor Mark Carney today urged the world's leading nations to ensure that their domestic policies are consistent with the G-20 framework for strong, sustainable, and balanced growth and to support the G-20 financial system reforms. -
September 8, 2010
Bank of Canada increases overnight rate target to 1 per cent
The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. -
August 31, 2010
Survey of Activity in Foreign Exchange and Derivatives Markets in Canada During April 2010
This document is in PDF only. -
August 24, 2010
Re-examining Canada’s Monetary Policy Framework: Recent Research and Outstanding Issues
I am honoured to address members of the Canadian Association for Business Economics. My remarks today will focus on critical issues that the Bank of Canada has studied over the past four years and how this research will inform our work as we move forward post crisis. -
Evaluating the Effect of the Bank of Canada's Conditional Commitment Policy
The author evaluates the effect of the Bank of Canada's conditional commitment regarding the target overnight rate on longer-term market interest rates by taking into account the relationship between interest rates, inflation, and unemployment rates.