The ‘Celtic Crisis’: Guarantees, Transparency and Systemic Liquidity Risk Staff Working Paper 2013-31 Philipp König, Kartik Anand, Frank Heinemann Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and prevent bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees are crucially intertwined with the sovereign’s funding risks. Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Financial system regulation and policies JEL Code(s): D, D8, D89, G, G0, G01, G2, G28
Endogenous Trade Participation with Incomplete Exchange Rate Pass-Through Staff Working Paper 2013-30 Yuko Imura This paper investigates the implications of endogenous trade participation for international business cycles, trade flow dynamics and exchange rate pass-through when price adjustments are staggered across firms. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Exchange rates, International topics JEL Code(s): F, F1, F12, F4, F44
September 5, 2013 Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2013 Media Relations Ottawa, Ontario During the month of April, the Bank of Canada and 52 other central banks and monetary authorities conducted a survey of turnover activity in the foreign exchange and over-the-counter (OTC) derivatives markets in their respective countries. This worldwide effort was coordinated by the Bank for International Settlements (BIS) and is undertaken every three years. The […] Content Type(s): Press, Press releases Source(s): Canadian Foreign Exchange Committee
September 4, 2013 Bank of Canada maintains overnight rate target at 1 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Content Type(s): Press, Press releases
August 30, 2013 Weekly Financial Statistics - 30 August 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
August 30, 2013 Research Update - August 2013 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
August 29, 2013 Banking and Financial Statistics - August 2013 Content Type(s): Publications, Historical: Banking and Financial Statistics
August 29, 2013 Quarterly Financial Report - Second Quarter 2013 Quarterly Financial Report - Second Quarter 2013 - For the period ended 30 June 2013 Content Type(s): Publications, Quarterly Financial Report
August 27, 2013 Exits, Spillovers and Monetary Policy Independence Remarks John Murray Canadian Association for Business Economics Kingston, Ontario Deputy Governor John Murray discusses exits from unconventional monetary policies, spillovers and monetary policy independence. Content Type(s): Press, Speeches and appearances, Remarks
August 23, 2013 Weekly Financial Statistics - 23 August 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics