Posts

• Examining Simple Joint Macroeconomic and Term-Structure Models: A Practitioner's Perspective

  Staff Working Paper 2007-49 David Bolder, Shudan Liu

  The primary objective of this paper is to compare a variety of joint models of the term structure of interest rates and the macroeconomy.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Financial markets, Interest rates JEL Code(s): C, C0, C6, E, E4, G, G1
• September 25, 2007

  Governor Dodge Discusses Recent Market Turbulence: Causes, Effects, and Lessons

  Media Relations Vancouver, British Columbia

  anadian money markets are functioning better after being affected by this summer's turbulence, but they are not yet back to normal, Bank of Canada Governor David Dodge said today in a speech to the Vancouver Board of Trade.

  Content Type(s): Press, Press releases
• September 25, 2007

  Survey of Foreign Exchange and Derivatives Market Activity in Canada During April 2007

  Media Relations Ottawa, Ontario

  During the month of April, the Bank of Canada and 53 other central banks and monetary authorities conducted a survey of turnover activity in the foreign exchange and over-the-counter (OTC) derivatives markets in their respective countries.

  Content Type(s): Press, Press releases
• September 25, 2007

  Turbulence in Credit Markets: Causes, Effects, and Lessons To Be Learned

  Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia

  The turbulence in financial markets did not come about against a backdrop of economic weakness. Indeed, over the past number of years, the global economy has shown remarkable strength. We were also seeing encouraging signs of growth being spread more evenly.

  Content Type(s): Press, Speeches and appearances, Remarks

• The Direct Effect of China on Canadian Consumer Prices: An Empirical Assessment

  Staff Discussion Paper 2007-10 Louis Morel

  The author investigates the direct effect of Chinese imported goods on consumer prices in Canada. On average, over the 2001–06 period, the direct effect of consumer goods imported from China is estimated to have reduced the inflation rate by about 0.1 percentage points per year. This disinflationary effect is due to two causes: first, the […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31

• Hedge Funds and Financial Stability: The State of the Debate

  Staff Discussion Paper 2007-9 Michael R. King, Philipp Maier

  The authors review the state of the debate on hedge funds and the potential threat that hedge funds pose to financial stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically important financial institutions, or indirectly by increasing market volatility and generating a […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): G, G1, G15, G18, G2
• September 12, 2007

  Governor Dodge Discusses the Importance of Transparency in Financial Markets

  Media Relations London, United Kingdom

  One of the clearest lessons to emerge from the recent financial market dislocation is the critical importance of transparency if debt markets are to function properly, Bank of Canada Governor David Dodge said today in a speech to the Canada-U.K. Chamber of Commerce.

  Content Type(s): Press, Press releases
• September 12, 2007

  A Clear Case for Transparency

  Remarks David Dodge Canada-U.K. Chamber of Commerce London, United Kingdom

  We have seen a remarkable continuation of robust global growth, fuelled by increases in international trade and facilitated by the continuing evolution and expansion of capital markets. Domestic demand began to grow more strongly in Europe and Asia and to slow in the United States, and this began to ease some of the concerns related to global imbalances that I spoke about during my last visit.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 10, 2007

  New initiative to involve Canadian high school students in the fight against bank note counterfeiting crimes

  Media Relations Ottawa, Ontario

  The Bank of Canada, the Durham District School Board, the Royal Canadian Mounted Police, the Ontario Provincial Police and the Sûreté du Québec are joining forces to promote the new Counterfeit Detection module, a free ready-to-teach kit available to high schools across the country.

  Content Type(s): Press, Press releases

• The Bank of Canada's Version of the Global Economy Model (BoC-GEM)

  Technical Report No. 98 René Lalonde, Dirk Muir

  The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo Pesenti (Federal Reserve Bank of New York and National Bureau of Economic Research).

  Content Type(s): Staff research, Technical reports Topic(s): Business fluctuations and cycles, Economic models, International topics JEL Code(s): C, C6, C68, E, E2, E27, E3, E37, F, F3, F32, F4, F47