A Further Analysis of Exchange Rate Targeting in Canada Staff Working Paper 1994-2 Robert Amano, Tony S. Wirjanto In a recent paper Mercenier and Sekkat (1988) conclude that the Bank of Canada has followed a policy of exchange rate targeting using the money supply. We re-examine their results using a different estimation approach and with different assumptions about the forcing process of the exogenous variables. Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rates
March 31, 1999 Bank Rate Lowered by ¼ Percentage Point to 5 Per Cent Media Relations Ottawa, Ontario The Bank of Canada today lowered its Bank Rate by ¼ of one per cent to 5 per cent. The associated operating band for overnight interest rates was similarly reduced. Content Type(s): Press, Press releases
September 8, 1997 Change in Issuance Pattern of Treasury Bills Beginning with the 16 September Auction Media Relations On 5 August 1997, Secretary of State (International Financial Institutions) Jim Peterson announced on behalf of Finance Minister Paul Martin that beginning with the 16 September 1997 auction. Content Type(s): Press, Press releases
December 1, 1997 What can monetary policy do to help the economy reach its full potential? Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario Today, we meet against a backdrop of some uncertainty in the international economy. I would like to begin my remarks with an assessment of what the recent financial and economic events in Asia could mean for Canada. Content Type(s): Press, Speeches and appearances, Remarks
October 7, 1997 Challenges ahead for monetary policy Remarks Gordon Thiessen Vancouver Board of Trade Vancouver, British Columbia Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years have made to the challenges we face! Content Type(s): Press, Speeches and appearances, Remarks
November 16, 1998 Bank of Canada Governor comments on release of the Monetary Policy Report Media Relations Bank of Canada Governor Gordon Thiessen today commented on the release of the Monetary Policy Report for November 1998. Content Type(s): Press, Press releases
November 5, 1998 Government of Canada Pilot Bond Buyback Program Launch: Operational Framework Media Relations Ottawa, Ontario On behalf of the Minister of Finance, the Bank of Canada announced today the operational framework for the previously announced pilot bond buyback program. Content Type(s): Press, Press releases
May 27, 1998 Bank of Canada Governor speaks at La Conférence de Montréal Media Relations In a speech delivered today to delegates to La Conférence de Montréal, Bank of Canada Governor Gordon Thiessen examined the impact of financial market globalization on the world economy. Content Type(s): Press, Press releases
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 Research 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 Research Topic(s): Economic models, Financial markets JEL Code(s): G, G1, G11, G12, G14, G3, G33