Multibank Holding Companies and Bank Stability Staff working paper 2018-51 Radoslav Raykov, Consuelo Silva-Buston This paper studies the relationship between bank holding company affiliation and the individual and systemic risk of banks. Using the 2005 hurricane season in the US as an exogenous shock to bank balance sheets, we show that banks that are part of a holding parent company are more resilient than independent banks. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G2 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk
October 25, 2018 Money for Nothing? A Central Banker’s Take on Cryptoassets Presentation Carolyn A. Wilkins Princeton University Princeton, New Jersey Senior Deputy Governor Carolyn A. Wilkins discusses cryptoassets and the key questions they pose for central banks. Content Type(s): Press, Speeches and appearances, Presentations Research Topic(s): Digital currencies and fintech Subject(s): Currency, Digital currency, Financial system, Financial stability, Fintech, Monetary policy, Economy/Economic growth
October 24, 2018 Monetary Policy Report Press Conference Opening Statement Opening statement Carolyn A. Wilkins Senior Deputy Governor Carolyn A. Wilkins discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR. Content Type(s): Press, Speeches and appearances, Opening statements
October 24, 2018 Bank of Canada increases overnight rate target to 1 ¾ per cent Media Relations Ottawa, Ontario The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Content Type(s): Press, Press releases
October 24, 2018 Monetary Policy Report – October 2018 The Bank projects that the Canadian economy will continue to grow in line with its potential through 2020. Content Type(s): Publications, Monetary Policy Report
October 22, 2018 Payments Canada, the Bank of Canada, TMX Group, Accenture and R3 publish report about the feasibility of equity settlement through Distributed Ledger Technology This joint press release describes a new report on the findings of the third phase of the Project Jasper research initiative. Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
Introducing a Systematic Measure of Idiosyncratic Prices Staff analytical note 2018-33 Madigan Dockrill, Laurence Savoie-Chabot There is a risk that Bank of Canada staff may inadvertently be biased when analyzing inflation: when inflation surprises on the downside, staff might emphasize negative idiosyncratic factors. When inflation surprises on the upside, staff might emphasize the positive idiosyncratic factors. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Inflation and prices, Recent economic and financial developments JEL Code(s): E, E3, E31 Research Theme(s): Models and tools, Economic models, Monetary policy, Inflation dynamics and pressures
October 16, 2018 Keeping the financial system healthy Joshua Slive, Donald Coletti We are all better off if the financial system can weather a storm or two. And every one of us plays a role in keeping it that way. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Credit risk management, Financial stability, Financial system regulation and policies, International topics, Sectoral balance sheet Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth