December 29, 2008 Results for the 29 December 2008 Term Loan Facility The results of today's TLF operation are as follows: Content Type(s): Press, Market notices
Financial Intermediation, Liquidity and Inflation Staff Working Paper 2008-49 Jonathan Chiu, Césaire Meh This paper develops a search-theoretic model to study the interaction between banking and monetary policy and how this interaction affects the allocation and welfare. Regarding how banking affects the welfare costs of inflation: First, we find that, with banking, inflation generates smaller welfare costs. Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy framework JEL Code(s): E, E4, E40, E5, E50
India and the Global Demand for Commodities: Is There an Elephant in the Room? Staff Discussion Paper 2008-18 Michael Francis, Corinne Luu After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, India's impact on global commodity markets has been muted. The authors examine how India's domestic and trade policies have distorted and constrained its demand for commodities. Content Type(s): Staff research, Staff discussion papers Topic(s): Development economics, International topics JEL Code(s): F, F1, F14, O, O1, O13, O5, O53
December 23, 2008 Bank of Canada Announces Details of its 28 Day Term Loan Facility In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 28-day TLF transaction as follows: Content Type(s): Press, Market notices
December 22, 2008 Quarterly Bond Schedule and Changes to the Buyback Programs Today, the Quarterly Bond Schedule is being published on the Bank of Canada's website in conjunction with the release of the NHA MBS Auction Schedule on the Canada Mortgage and Housing Corporation's website. Content Type(s): Press, Market notices
December 22, 2008 Results for the 22 December 2008 Term Loan Facility The results of today's TLF operation are as follows: Content Type(s): Press, Market notices
December 21, 2008 Credit, Asset Prices, and Financial Stress in Canada Financial System Review - December 2008 Miroslav Misina, Pierre St-Amant, Greg Tkacz Content Type(s): Publications, Financial System Review articles
December 21, 2008 Fair Value Accounting and Financial Stability Financial System Review - December 2008 Éric Chouinard, Peter Youngman Content Type(s): Publications, Financial System Review articles
December 21, 2008 The Impact of Sovereign Wealth Funds on the International Financial System Financial System Review - December 2008 Tamara Gomes Content Type(s): Publications, Financial System Review articles
December 21, 2008 Liquidity Risk at Banks: Trends and Lessons Learned from the Recent Turmoil Financial System Review - December 2008 Jim Armstrong Content Type(s): Publications, Financial System Review articles