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2358
result(s)
Why Do Central Banks Make Public Announcements of Open Market Operations?
Staff Working Paper 2020-35
Narayan Bulusu
Central banks communicate the results of open market operations. This helps participants in financial markets more accurately estimate the prevailing demand and supply conditions in the market for overnight loans.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Central bank research,
Monetary policy implementation
JEL Code(s):
D,
D5,
D52,
E,
E5,
E58,
G,
G2,
G21
2019 Cash Alternative Survey Results
Staff Discussion Paper 2020-8
Kim Huynh,
Gradon Nicholls,
Mitchell Nicholson
The role of cash in Canadians’ lives has been evolving, as innovations in digital payments have become more widely adopted over the past decade. We contribute to the Bank of Canada’s research on central bank digital currency by monitoring Canadians’ use of cash and their adoption of digital payment methods.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes,
Central bank research,
Digital currencies and fintech,
Econometric and statistical methods
JEL Code(s):
C,
C1,
C12,
C9,
E,
E4,
O,
O5,
O51
Monetary Policy and Cross-Border Interbank Market Fragmentation: Lessons from the Crisis
Staff Working Paper 2020-34
Tobias Blattner,
Jonathan Swarbrick
We present a two-country model featuring risky lending and cross-border interbank market frictions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Credit and credit aggregates,
International financial markets,
Monetary policy framework,
Monetary policy transmission
JEL Code(s):
E,
E4,
E44,
E5,
E52,
F,
F3,
F32,
F36
Survival Analysis of Bank Note Circulation: Fitness, Network Structure and Machine Learning
Staff Working Paper 2020-33
Diego Rojas,
Juan Estrada,
Kim Huynh,
David T. Jacho-Chávez
Using the Bank of Canada's Currency Information Management Strategy, we analyze the network structure traced by a bank note’s travel in circulation and find that the denomination of the bank note is important in our potential understanding of the demand and use of cash.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Bank notes,
Econometric and statistical methods,
Payment clearing and settlement systems
JEL Code(s):
C,
C5,
C52,
C6,
C65,
C8,
C81,
E,
E4,
E42,
E5,
E51
The Interplay of Financial Education, Financial Literacy, Financial Inclusion and Financial Stability: Any Lessons for the Current Big Tech Era?
Staff Working Paper 2020-32
Nicole Jonker,
Anneke Kosse
The objective of this paper is twofold. First, we assess whether financial education might be a suitable tool to promote the financial inclusion opportunities that big techs provide. Second, we study how this potential financial inclusion could impact financial stability.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
Digital currencies and fintech,
Financial markets,
Financial services,
Financial stability
JEL Code(s):
D,
D1,
D14,
D9,
D91,
D92,
G,
G2,
G21,
G23,
O,
O1,
O16
Sample Calibration of the Online CFM Survey
Technical Report No. 118
Marie-Hélène Felt,
David Laferrière
The Canadian Financial Monitor (CFM) survey uses non-probability sampling for data collection, so selection bias is likely. We outline methods for obtaining survey weights and discuss the conditions necessary for these weights to eliminate selection bias. We obtain calibration weights for the 2018 and 2019 online CFM samples.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C8,
C81,
C83
Strengthening Inflation Targeting: Review and Renewal Processes in Canada and Other Advanced Jurisdictions
Staff Discussion Paper 2020-7
Robert Amano,
Thomas J. Carter,
Lawrence L. Schembri
We summarize the review and renewal process at four central banks (Reserve Bank of New Zealand, Bank of England, Sveriges Riksbank and the US Federal Reserve Bank) and compare them with the process at the Bank of Canada, which has been well-established since 2001.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Central bank research,
Inflation targets,
Monetary policy framework
JEL Code(s):
E,
E5,
E52,
E58
What COVID-19 revealed about the resilience of bond funds
Staff Analytical Note 2020-18
Guillaume Ouellet Leblanc,
Ryan Shotlander
The liquidity management strategies of fund managers, supported by policy measures, have helped bond funds limit the increase in redemptions caused by COVID 19. This avoided further deterioration in liquidity in bond markets. Nevertheless, these funds were left with lower cash buffers, which could make them more vulnerable to additional large redemptions.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Financial markets,
Financial stability
JEL Code(s):
G,
G1,
G2,
G20,
G23
Is the stock market pricing in a V‑shaped recovery?
Staff Analytical Note 2020-17
James Kyeong
Major stock indexes have bounced back from their March 23 trough to about 10 percent below their peaks. However, stocks that are more sensitive to the business cycle have not performed as well during this market rally. This suggests that stock markets are pricing in a slower, shallower economic recovery.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Asset pricing,
Financial markets
JEL Code(s):
E,
E4,
E44,
G,
G1,
G12,
G14