January 31, 2018 Bank notes: Resources for the cash-handling machine industry Are you an equipment manufacturer, owner or renter? Here’s some information to help your business prepare for new bank notes.
August 21, 2024 Case scenarios about payroll services The following fictional case scenarios provide examples of incidental activities under the Retail Payment Activities Act.
April 17, 2024 Record keeping This supervisory policy outlines what records payment service providers should keep and retain to comply with their record-keeping obligations under the Retail Payment Activities Act and the Retail Payment Activities Regulations.
February 12, 2024 Reconciliation Action Plan The Bank’s Reconciliation Action Plan will guide the Bank as it continues its Reconciliation journey. In line with our mandate, the action plan outlines two interconnected pathways to help us build an equitable and inclusive organizational culture and deepen our understanding of the Indigenous economy.
Estimating the Fractional Order of Integration of Interest Rates Using a Wavelet OLS Estimator Staff Working Paper 2000-5 Greg Tkacz The debate on the order of integration of interest rates has long focused on the I(1) versus I(0) distinction. In this paper, we use instead the wavelet OLS estimator of Jensen (1999) to estimate the fractional integration parameters of several interest rates for the United States and Canada from 1948 to 1999. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Interest rates JEL Code(s): C, C1, C13, E, E4, E43
January 27, 2000 Bank of Canada Governor speaks to the Metropolitan Halifax Chamber of Commerce Media Relations Halifax, Nova Scotia There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […] Content Type(s): Press, Press releases
International Capital Mobility and Asset Substitutability: Some Theory and Evidence on Recent Structural Changes Technical Report No. 44 Francesco Caramazza, Kevin Clinton, Agathe Côté, David Longworth This study examines different aspects of the international integration of capital markets. In particular, it attempts to determine whether the changes in controls and regulatory policies that have occurred in the past decade have been associated with a greater degree of market integration. Content Type(s): Staff research, Technical reports Topic(s): Balance of payments and components, Financial markets JEL Code(s): F, F2, F20, G, G1, G11, G15
The Slowdown in Productivity Growth in the 1975-83 Period: A Survey of Possible Explanations Technical Report No. 43 Gerald Stuber The growth rates of both aggregate factor and labour productivity in Canada fell substantially during the period 1975-83. This paper examines this phenomenon and reviews a number of possible explanations for it. First, the productivity growth slowdown is examined at various levels of industry disaggregation. It is apparent from this analysis that the slowdown varied […] Content Type(s): Staff research, Technical reports Topic(s): Productivity JEL Code(s): D, D2, D24
A Comparison of Alternative Monetary Policy Regimes in a Small Dynamic Open-Economy Simulation Model Technical Report No. 42 David Longworth, Stephen S. Poloz In this paper, the simulation properties of a small, dynamic, open-economy IS-LM-Aggregate Supply model are examined under a variety of alternative policy rule assumptions. These assumptions include rigid money stock, exchange rate and nominal income targets, as well as less rigid policy rules that recognize information limitations. The model that is used consists of four […] Content Type(s): Staff research, Technical reports Topic(s): Economic models, Monetary policy framework JEL Code(s): E, E5, E52
The Structure of the Small Annual Model Technical Report No. 40 David Rose, Jack Selody This volume contains a detailed description of the structure and sectoral properties of the Bank of Canada's Small Annual Model, SAM. The SAM model, constructed in the Research Department of the Bank, is designed for medium- to long-term simulation. It is small by econometric model standards; the version described in this report has 25 stochastic […] Content Type(s): Staff research, Technical reports Topic(s): Interest rates JEL Code(s): C, C5, C51, E, E4