Find Bank of Canada publications by keyword, author, content type, JEL code, topic or publication date.
1408
result(s)
December 14, 2009
Conditions in the international financial system have improved considerably since June in response to the forceful actions taken by policy-makers around the world.
Financial System Review - December 2009
Content Type(s):
Publications,
Financial Stability Report
November 11, 2009
Declining Inflation Persistence in Canada: Causes and Consequences
The persistence of both core and total consumer price index inflation in Canada has declined significantly since the 1980s. In addition to providing up-to-date estimates of inflation persistence, this article examines possible reasons for the decline suggested in the literature. The role played by monetary policy, through its effect on price- and wage-setting behaviour, is distinguished from possible changes to the structure of the economy that are independent of monetary policy. The authors also discuss the implications for monetary policy of low structural persistence in inflation, including the choice of an inflation-targeting regime versus a price-level-targeting regime.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Inflation and prices,
Monetary policy framework
November 11, 2009
The Evolution of Capital Flows to Emerging-Market Economies
Many emerging-market economies (EMEs) have significantly improved their macroeconomic fundamentals and undergone structural reforms since the Asian crisis. These developments have enhanced the composition of capital flows to EMEs through an improved debt structure, a larger share of capital flows as foreign direct investment, and greater access to international debt markets for corporations in EMEs. Structural changes in the global financial landscape have also increased capital flows, bringing economic and financial benefits to EMEs. During the recent financial crisis, however, the opening up of capital accounts and increased financial and trade linkages left many countries vulnerable to external disruptions. Countries with sound fundamentals have weathered the crisis relatively well. Policy-makers in EMEs need to implement policies that support capital flows and ensure that controls imposed to deal with detrimental outflows during periods of stress or rapid inflows are only temporary.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Development economics,
Financial markets,
Financial system regulation and policies
November 11, 2009
Making Bank Notes Accessible for Canadians Living with Blindness or Low Vision
The ability to conduct financial transactions using bank notes is crucial to independent living. Yet this can pose significant challenges for individuals who are blind or partially sighted. This article discusses the Bank of Canada's efforts over the past 30 years to meet the accessibility needs of a specific subset of the population–Canadians living with blindness or vision loss. It also reports the findings of expert and user assessments of the suite of accessibility features on the current series of bank notes and shares plans for the next series.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Bank notes,
Central bank research
October 26, 2009
Recent indicators point to the start of a global recovery from a deep, synchronous recession.
Monetary Policy Report – October 2009
Content Type(s):
Publications,
Monetary Policy Report
October 25, 2009
By a narrow margin, the survey results point to continued tightening in credit conditions during the third quarter, following a period of substantial credit tightening for business borrowers (Chart 1).
Senior Loan Officer Survey - Third-Quarter 2009
Content Type(s):
Publications,
Senior Loan Officer Survey
October 9, 2009
Business Outlook Survey - Autumn 2009
Responses to the autumn survey suggest that the Canadian economy is recovering, as all indicators of business activity have increased since the summer survey. However, because firms continue to expect activity to pick up only gradually, they remain cautious regarding investment.
Content Type(s):
Publications,
Business Outlook Survey
September 11, 2009
Bank of Canada Liquidity Actions in Response to the Financial Market Turmoil
In response to the financial crisis of 2007-09, the Bank of Canada intervened repeatedly to stabilize the financial system and limit the repercussions of the crisis on the Canadian economy. This article reviews the extraordinary liquidity measures taken by the Bank during this period and the principles that guided the Bank's interventions. A preliminary assessment of the term liquidity facilities provided by the Bank suggests that they were an important source of liquidity support for some financial institutions and, on a broader basis, served to reduce uncertainty among market participants about the availability of liquidity, as well as helping to promote a return to well-functioning money markets.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Financial institutions,
Financial markets,
Financial stability