May 13, 2014
Find Bank of Canada publications by keyword, author, content type, JEL code, topic or publication date.
1406
result(s)
May 13, 2014
Understanding Platform-Based Digital Currencies
Given technological advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Facebook and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform-based digital currencies could increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Bank notes,
Digital currencies and fintech,
Financial services,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E41,
E42
May 13, 2014
The Art and Science of Forecasting the Real Price of Oil
Forecasts of the price of crude oil play a significant role in the conduct of monetary policy, especially for commodity producers such as Canada. This article presents a range of recently developed forecasting models that, when pooled together, can generate, on average, more accurate forecasts of the price of oil than the oil futures curve. It also illustrates how policy-makers can evaluate the risks associated with the baseline oil price forecast and how they can determine the causes of past oil price fluctuations.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Econometric and statistical methods,
International topics
JEL Code(s):
C,
C5,
C53,
E,
E3,
E32,
Q,
Q4,
Q43
May 13, 2014
Measuring Uncertainty in Monetary Policy Using Realized and Implied Volatility
Uncertainty surrounding the Bank of Canada’s future policy rates is measured using implied volatility computed from interest rate options and realized volatility computed from intraday prices of interest rate futures. Both volatility measures show that uncertainty decreased following major policy actions taken by the Bank in response to the 2007–09 financial crisis. Findings also indicate that, on average, uncertainty decreases following the Bank’s policy rate announcements.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Monetary policy and uncertainty
JEL Code(s):
E,
E5,
E52,
E58
May 13, 2014
Beyond the Unemployment Rate: Assessing Canadian and U.S. Labour Markets Since the Great Recession
This article provides a broad perspective on the performance of the labour market in Canada and the United States since the Great Recession. It also presents a simple way to summarize much of this information in a single composite labour market indicator (LMI) for both countries. The LMI suggests that the unemployment rate in Canada has evolved largely in line with overall labour market conditions since the recession, but may have modestly overstated the extent of recent improvement. The U.S. unemployment rate, in contrast, appears to have substantially overstated the post-recession improvement in labour market conditions.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
International topics,
Labour markets,
Recent economic and financial developments
JEL Code(s):
E,
E2,
E24,
J,
J2,
J21,
J23
May 13, 2014
The five articles in this issue present research and analysis by Bank staff covering a variety of topics: the growth of Canadian-dollar-denominated assets in official foreign reserves; the emergence of platform-based digital currencies; methods of forecasting the real price of oil; measures of uncertainty in monetary policy; and the recent performance of the labour market in Canada and the United States.
Bank of Canada Review - Spring 2014
Content Type(s):
Publications,
Bank of Canada Review
May 9, 2014
Weekly Financial Statistics - 9 May 2014
Content Type(s):
Publications,
Historical: Weekly Financial Statistics
May 2, 2014
Weekly Financial Statistics - 2 May 2014
Content Type(s):
Publications,
Historical: Weekly Financial Statistics
April 25, 2014
Weekly Financial Statistics - 25 April 2014
Content Type(s):
Publications,
Historical: Weekly Financial Statistics
April 24, 2014
Banking and Financial Statistics - April 2014
Content Type(s):
Publications,
Historical: Banking and Financial Statistics