December 4, 2015 Weekly Financial Statistics - 4 December 2015 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 4, 2015 Bank of Canada introduces The Governor’s Challenge, a new student competition Media Relations Ottawa, Ontario The Bank of Canada today announced a new student competition—The Governor’s Challenge—where teams simulate the role of monetary policy advisor to the Bank's Governing Council. Over 100 undergraduates from 22 universities across Canada are taking part in 2015–16, the competition’s inaugural year. Content Type(s): Press, Press releases Source(s): The Governor's Challenge
December 4, 2015 The Governor's Challenge The Governor’s Challenge simulates the monetary policy decision-making process by putting students in the role of advisor to the Bank’s Governing Council.
Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries Staff Working Paper 2015-45 Gabriel Bruneau, Kevin Moran We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rate regimes, Exchange rates, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, F, F1, F14, F16, F3, F31, F4, F41, J, J2, J23
December 3, 2015 Bank of Canada Publishes Updated Framework for Financial Market Operations and Liquidity Provision Today, the Bank of Canada published its updated framework for financial market operations and liquidity provision. Content Type(s): Press, Announcements
Emergency Liquidity Facilities, Signalling and Funding Costs Staff Working Paper 2015-44 Céline Gauthier, Alfred Lehar, Héctor Pérez Saiz, Moez Souissi In the months preceding the failure of Lehman Brothers in September 2008, banks were willing to pay a premium over the Federal Reserve’s discount window (DW) rate to participate in the much less flexible Term Auction Facility (TAF). We empirically test the predictions of a new signalling model that offers a rationale for offering two different liquidity facilities. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability, Lender of last resort JEL Code(s): G, G0, G01, G2, G21, G28
December 3, 2015 The Bank of Canada’s risk-management standards for designated FMIs The Bank of Canada’s risk-management standards and their application to different types of designated financial market infrastructures (FMIs).
December 3, 2015 Public Consultation: Policy guidance on the Bank of Canada’s risk-management standards for designated financial market infrastructures - Standard 24: Recovery Plans The Bank of Canada today published draft policy guidance related to its risk-management standards for designated Canadian financial market infrastructures (FMIs). Content Type(s): Press, Market notices