May 10, 2019 Climate Change and Central Banking Workshop This Bank of Canada conference examined macroeconomic and monetary policy challenges around climate change, including firm and bank exposures to physical and transition risks. Participants also discussed medium- and long-run implications for productivity growth and trade. Content Type(s): Conferences and workshops Topic(s): Climate change
May 8, 2019 Deputy Governor Lynn Patterson to retire from the Bank of Canada Media Relations Ottawa, Ontario The Bank of Canada announced today that Deputy Governor Lynn Patterson will retire on July 19, 2019. Content Type(s): Press, Press releases
May 7, 2019 Financial System Survey Highlights—May 2019 This article presents the key results from the spring 2019 Bank of Canada Financial System Survey, conducted March 11 and March 29, 2019. This survey included a special question on cyber risk. Content Type(s): Publications, Financial System Survey
Entrepreneurial Incentives and the Role of Initial Coin Offerings Staff Working Paper 2019-18 Rodney J. Garratt, Maarten van Oordt Initial coin offerings (ICOs) are a new mode of financing start-ups that saw an explosion in popularity in 2017 but declined in popularity in the second half of 2018 as regulatory pressure, instances of fraud and reports of poor performance began to undermine their reputation. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Exchange rates JEL Code(s): G, G3, G32
May 6, 2019 Risk Sharing, Flexibility and the Future of Mortgages Remarks Stephen S. Poloz Canadian Credit Union Association and Winnipeg Chamber of Commerce Winnipeg, Manitoba Governor Poloz talks about Canada’s housing market and how the mortgage market could evolve to give Canadians more choice, make the economy more flexible and lower the level of financial system risk. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial services, Financial stability, Housing, Recent economic and financial developments, Trade integration
May 6, 2019 Poloz talks mortgages: Innovation could improve flexibility Speech summary Stephen S. Poloz Canadian Credit Union Association and the Winnipeg Chamber of Commerce Winnipeg, Manitoba Stephen S. Poloz, Governor of the Bank of Canada, speaks before the Canadian Credit Union Association and the Winnipeg Chamber of Commerce. Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Financial services, Financial stability, Housing, Recent economic and financial developments, Trade integration
May 6, 2019 Canada’s mortgage market should evolve to offer more choice with less risk, Bank of Canada Governor Poloz says Media Relations Winnipeg, Manitoba Canada’s mortgage market should evolve in a way that gives Canadians more choice and helps the economy be more flexible, while lowering the level of risk in the system, Bank of Canada Governor Stephen S. Poloz said today. Content Type(s): Press, Press releases
Estimating the Effect of Exchange Rate Changes on Total Exports Staff Working Paper 2019-17 Thierry Mayer, Walter Steingress This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate regression specification that is consistent with bilateral trade flows micro-founded by the gravity equation. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rates, International topics JEL Code(s): F, F1, F11, F12, F3, F31, F32