Find Bank of Canada publications by keyword, author, content type, JEL code, topic or publication date.
1406
result(s)
December 23, 2004
Basel II and Required Bank Capital
Content Type(s):
Publications,
Financial System Review articles
December 23, 2004
Bank of Canada Lender-of-Last-Resort Policies
The Bank of Canada has distinct roles as a lender of last resort. This article outlines how and under what circumstances the Bank can routinely provide liquidity to facilitate payment settlement, as well as the various ways it can respond in more exceptional situations.
Content Type(s):
Publications,
Financial System Review articles
Topic(s):
Financial stability,
Lender of last resort,
Payment clearing and settlement systems
December 23, 2004
The Canadian financial system comprises financial markets, financial institutions, and the clearing and settlement systems.
Financial System Review - December 2004
Content Type(s):
Publications,
Financial Stability Report
December 23, 2004
A Survey of the Price-Setting Behaviour of Canadian Companies
To better understand price-setting behaviour in the Canadian economy, the Bank of Canada's regional offices surveyed a representative sample of 170 firms between July 2002 and March 2003. The authors discuss the reasons behind the survey, the methodology used to develop the questionnaire and conduct the interviews, and summarize the results. The study also assessed several explanations for holding prices steady despite market pressures for a change. The survey findings indicate that prices in Canada are relatively flexible and have become more flexible over the past decade. Price stickiness was generally found to originate in firms' fears of antagonizing customers or disturbing the goodwill or reputation developed with them. A detailed discussion of the results includes a consideration of their implications for monetary policy.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Inflation and prices,
Monetary policy transmission
December 20, 2004
The New International Monetary Order
Mark Carney, Senior Associate Deputy Minister, Department of Finance, Speech to the Toronto Society of Financial Analysts
Content Type(s):
Publications,
Bank of Canada Review articles
November 24, 2004
Asset Prices and Monetary Policy: A Canadian Perspective on the Issues
The issue addressed in this article is the extent to which monetary policy in Canada should respond to asset-price bubbles. The article concludes that maintaining low and stable consumer price inflation is the best contribution that monetary policy can make to promoting economic and financial stability, even when the economy experiences asset-price bubbles. In extreme circumstances—when an asset-price bubble is well identified and likely to have significant costs to the economy when it bursts—monetary policy might better maintain low and stable consumer price inflation by leaning against a particular bubble even though it may mean that inflation deviates temporarily from its target. Such a strategy might reduce the risk that a crash in asset prices could lead to a recession and to inflation markedly below target in the longer run. The circumstances where this strategy is possible will be rare because economists are far from being able to determine consistently and reliably when leaning against a particular bubble is likely to do more harm than good. Housing-price bubbles should be a greater concern for Canadian monetary policy than equity-price bubbles, since rising housing prices are more likely to reflect excessively easy domestic credit conditions than are equity prices, which are largely determined in global markets.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Inflation targets,
Monetary and financial indicators,
Monetary policy framework
November 24, 2004
Bank of Canada Review - Autumn 2004
Cover page
Bus Transportation Tokens and Tickets
The pieces illustrated on the cover range in size from 12 mm to 38 mm in diameter or width. They form part of the National Currency Collection, Bank of Canada.
Photography by Gord Carter, Ottawa
Content Type(s):
Publications,
Bank of Canada Review