March 29, 2023
Posts
-
-
March 29, 2023
The Bank of Canada’s market liquidity programs: Lessons from a pandemic
Deputy Governor Toni Gravelle speaks about market liquidity measures taken during the COVID-19 pandemic, and addresses recent turmoil in the US and international banking sectors. -
A Review of the Bank of Canada’s Market Operations Related to COVID-19
This paper reviews the range of extraordinary programs launched by the Bank of Canada in response to the pandemic-related financial market disruption. It provides some recommendations for future interventions to ensure the programs are appropriately structured for the financial and economic stresses they are intended to address. -
March 28, 2023
CARR publishes impact assessment checklist for market participants with CDOR exposure
The Canadian Alternative Reference Rate working group (CARR) today published an impact assessment checklist to help firms assess and mitigate their exposures to the Canadian Dollar Offered Rate (CDOR). -
-
March 22, 2023
Summary of Governing Council deliberations: Fixed announcement date of March 8, 2023
This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on March 8, 2023. -
March 22, 2023
Release of the Bank of Canada’s summary of deliberations
On Wednesday, March 22, 2023, the Bank of Canada will publish a summary of the deliberations that took place ahead of its interest rate decision on March 8, 2023. -
March 20, 2023
Bank of Canada announces the recipients of the 2023 Fellowship Program Awards
Learn about the recipients of the Fellowship and Governor’s Awards for 2023. -
March 19, 2023
Coordinated Central Bank Action to Enhance the Provision of U.S. Dollar Liquidity
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. -
Persistent Debt and Business Cycles in an Economy with Production Heterogeneity
We examine the role of debt in amplifying and propagating recessions. Firms’ debt adjustment makes recessions deeper but makes expansions gradual. In particular, when the aggregate business leverage is ten percentage points above average, the half-life of the recovery doubles.