May 26, 2010 Senate Committee on National Finance Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint. Content Type(s): Press, Speeches and appearances, Opening statements
May 26, 2010 Selected media activities Access links to media activities by the Governor, Senior Deputy Governor and Deputy Governors.
May 26, 2010 Media contacts Our consultants are available from 08:30 to 17:00 ET, Monday to Friday. We will normally reply to all media calls and emails within four hours.
Financial Stress, Monetary Policy, and Economic Activity Staff Working Paper 2010-12 Fuchun Li, Pierre St-Amant This paper examines empirically the impact of financial stress on the transmission of monetary policy shocks in Canada. The model used is a threshold vector autoregression in which a regime change occurs if financial stress conditions cross a critical threshold. Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Monetary policy and uncertainty JEL Code(s): C, C0, C01, E, E5, E50, G, G0, G01
Idiosyncratic Coskewness and Equity Return Anomalies Staff Working Paper 2010-11 Fousseni Chabi-Yo, Jun Yang In this paper, we show that in a model where investors have heterogeneous preferences, the expected return of risky assets depends on the idiosyncratic coskewness beta, which measures the co-movement of the individual stock variance and the market return. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets JEL Code(s): G, G1, G11, G12, G14, G3, G33
May 20, 2010 Qualitative Research on the Monetary Policy Report – Key Findings, 2009 Results of the Qualitative Research on the Monetary Policy Report, seeking feedback from key readers on how they use the Report and how to improve its content, design, and delivery.
May 20, 2010 1999 survey indicates limited familiarity with the Bank of Canada Results of a general public survey exploring Canadians' familiarity with the Bank and its activities. Also, results of a survey of senior business executives regarding the Bank's mandate and activities.