Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
284
result(s)
The Role of Central Banks in Promoting Financial Stability: An International Perspective
Staff Discussion Paper 2016-15
Rose Cunningham,
Christian Friedrich
The 2007–09 global financial crisis has led policy-makers around the world, including central banks, to refocus their efforts to promote financial stability. As part of this process, central banks became quite active in supporting financial stability in a variety of ways, such as publicly sharing their assessments of financial system vulnerabilities and risks and helping to strengthen regulation, supervision and macroprudential measures.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Financial system regulation and policies
JEL Code(s):
E,
E5,
G,
G0,
G01,
G2,
G28
Clearing and Settlement Systems from Around the World: A Qualitative Analysis
Staff Discussion Paper 2016-14
Michael Tompkins,
Ariel Olivares
As Canada continues to engage in a dialogue to develop the approach to modernizing its core payment systems, we analyze the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions, encompassing a broad range of geographic regions, through three levels of analysis.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial services,
Financial system regulation and policies,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E42,
L,
L1,
L14,
L15,
L5,
L52
The Doug Purvis Memorial Lecture—Monetary/Fiscal Policy Mix and Financial Stability: The Medium Term Is Still the Message
Staff Discussion Paper 2016-13
Stephen S. Poloz
In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Financial stability,
Fiscal policy,
Monetary policy framework
JEL Code(s):
E,
E3,
E37,
E5,
E6,
E63
On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient?
Staff Discussion Paper 2016-12
Patricia Palhau Mora,
Michael Januska
Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20’s post-crisis agenda for financial regulatory reform.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Financial system regulation and policies,
Monetary policy framework
JEL Code(s):
E,
E5,
E52,
G,
G0,
G01,
G2,
G21,
G23,
G28
On the Nexus of Monetary Policy and Financial Stability: Effectiveness of Macroprudential Tools in Building Resilience and Mitigating Financial Imbalances
Staff Discussion Paper 2016-11
H. Evren Damar,
Miguel Molico
This paper reviews the Canadian and international evidence of the effectiveness of macroprudential policy measures in building resilience and mitigating financial imbalances. The analysis concludes that these measures have broadly achieved their goal of increasing the overall resilience of the financial system to the buildup of imbalances and increasing the financial system’s ability to withstand adverse shocks.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Credit and credit aggregates,
Financial stability,
Financial system regulation and policies
JEL Code(s):
E,
E5,
E51,
E58,
G,
G1,
G18,
G2,
G28
What to Expect When China Liberalizes Its Capital Account
Staff Discussion Paper 2016-10
Mark Kruger,
Gurnain Pasricha
When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China’s capital account and the financial integration that will unfold will be viewed as a milestone of similar importance.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Balance of payments and components,
Exchange rate regimes,
International topics
JEL Code(s):
F,
F3,
F31,
F32,
G,
G1,
G18
A Framework in Search of an Optimal Margining Policy for Official Institutions: The Canadian Experience
Staff Discussion Paper 2016-9
Tomo Nakashima,
Mihai Cosma,
Boran Plong
One of the main outcomes of the global financial crisis has been a series of new regulations imposed on the financial system and specifically on banks.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial markets,
Foreign reserves management
JEL Code(s):
G,
G3,
G32
Canadian Repo Market Ecology
Staff Discussion Paper 2016-8
Corey Garriott,
Kyle Gray
This is the first of the Financial Markets Department’s descriptions of Canadian financial industrial organization. The document discusses the organization of the repurchase-agreement (repo) market in Canada.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial institutions,
Financial markets,
Financial system regulation and policies,
Market structure and pricing
JEL Code(s):
G,
G1,
G18,
G2,
G21,
G23
The Evolution of the Chinese Housing Market and Its Impact on Base Metal Prices
Staff Discussion Paper 2016-7
Mark Kruger,
Kun Mo,
Benjamin Sawatzky
The Chinese housing market has grown rapidly following its liberalization in the 1990s, generating significant economic activity and demand for base metals. In this paper, we discuss the evolution of the Chinese housing market and quantify its importance for the overall Chinese economy and its linkages to base metal prices.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics
JEL Code(s):
Q,
Q3,
Q31,
R,
R3,
R31