May 30, 2014 Research Update - May 2014 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
May 30, 2014 Quarterly Financial Report - First Quarter 2014 Quarterly Financial Report - First Quarter 2014 - For the period ended 31 March 2014 Content Type(s): Publications, Quarterly Financial Report
May 29, 2014 Banking and Financial Statistics - May 2014 Content Type(s): Publications, Historical: Banking and Financial Statistics
May 23, 2014 Weekly Financial Statistics - 23 May 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
May 16, 2014 Weekly Financial Statistics - 16 May 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
May 15, 2014 Double Coincidence of Needs: Pension Funds and Financial Stability Remarks Lawrence L. Schembri Pension Investment Association of Canada Québec, Québec Deputy Governor Lawrence Schembri discusses pension funds and financial stability. Content Type(s): Press, Speeches and appearances, Remarks
May 13, 2014 The Canadian Dollar as a Reserve Currency Bank of Canada Review - Spring 2014 Lukasz Pomorski, Francisco Rivadeneyra, Eric Wolfe This article provides an overview of the growth of Canadian-dollar-denominated assets in official foreign reserves. Based on International Monetary Fund data and on internal Bank of Canada analysis, we estimate that the total reserve holdings of Canadian-dollar assets increased from negligible levels before 2008 to around US$200 billion in the third quarter of 2013. We discuss the determinants of this increase, as well as its potential impact on Canadian debt markets, for example, lower yields and therefore reduced financing costs for the Government of Canada, and the possible negative impact on market liquidity. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Central bank research, Foreign reserves management, Recent economic and financial developments JEL Code(s): E, E5, E58, F, F3, F31, G, G1, G12
May 13, 2014 Understanding Platform-Based Digital Currencies Bank of Canada Review - Spring 2014 Ben Fung, Hanna Halaburda Given technological advances and the widespread use of the Internet, various digital currencies have emerged. In most cases, Internet platforms such as Facebook and Amazon restrict the functionality of their digital currencies to enhance the business model and maximize their profits. While platform-based digital currencies could increase the efficiency of retail payments, they could also raise some important policy issues if they were to become widely used outside of the platform. Thus, it is important to closely monitor the evolution of these digital currencies. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42