June 14, 2012 An Improved Framework for Assessing the Risks Arising from Elevated Household Debt Financial System Review - June 2012 Umar Faruqui, Xuezhi Liu, Tom Roberts Content Type(s): Publications, Financial System Review articles
May 17, 2012 Bank of Canada Review - Spring 2012 This issue features a summary of the Bank’s annual conference, which took place in November 2011 and dealt with payments systems, and two articles that present research by Bank staff on global current account imbalances and macrofinancial risk assessment. The fourth article in this issue reviews the recent experience with inflation targeting. Content Type(s): Publications, Bank of Canada Review
May 4, 2012 Weekly Financial Statistics - 4 May 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
January 10, 2011 Household Finances and Economic Growth Remarks Agathe Côté Canadian Club of Kingston Kingston, Ontario Why does household financial health matter to the Bank of Canada? It matters because how Canadians spend and how much they spend affect both the conduct of monetary policy and the stability of the financial system. Content Type(s): Press, Speeches and appearances, Remarks
Composition of International Capital Flows: A Survey Staff Working Paper 2010-33 Koralai Kirabaeva, Assaf Razin We survey several key mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). In particular, we focus on the following market frictions: asymmetric information in capital markets and exposure to liquidity shocks. Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): D, D8, D82, F, F2, F21, F3, F34
December 15, 2010 Bank of Canada Announces Details of its Term Repo Operation for Balance Sheet Management Purposes The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes. Content Type(s): Press, Market notices
The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN Staff Discussion Paper 2010-16 Carlos De Resende, Ali Dib, Nikita Perevalov The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy. Content Type(s): Staff research, Staff discussion papers Topic(s): Economic models, Financial institutions, Financial stability, International topics JEL Code(s): E, E3, E32, E4, E44, E5, G, G1, G2
November 18, 2010 Where the Economy and Finance Meet Remarks Jean Boivin Okanagan CFA Society and UBC Okanagan (Faculty of Management) Kelowna, British Columbia As the title of my speech suggests, I would like to discuss the connections between the real economy – the tangible world of jobs, goods and services – and the more intangible world of finance – of money flows, interest rates and the stock market. They have a long and eventful history. Content Type(s): Press, Speeches and appearances, Remarks
Capital Requirement and Financial Frictions in Banking: Macroeconomic Implications Staff Working Paper 2010-26 Ali Dib The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and bank capital markets. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Financial markets, Financial stability JEL Code(s): E, E3, E32, E4, E44, G, G1
October 28, 2010 Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions The Bank of Canada is increasing its purchases of nominal bonds at auctions to 15 per cent effective immediately. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of nominal domestic marketable debt, consistent with the Bank of Canada's policy for managing its balance sheet. Content Type(s): Press, Market notices