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9294 Results

June 10, 2008

Bank of Canada Announces Term PRA Transaction

As part of its provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it will enter into a 28-day term purchase and resale agreement (PRA) as follows:
Content Type(s): Press, Market notices

Policy Coordination in an International Payment System

Staff Working Paper 2008-17 James Chapman
Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital question is what form should optimal policy take when there are two connected payment systems with separate regulators.
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