June 22, 2011 Financial System Review - June 2011 In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that, although the Canadian financial system is currently on a sound footing, risks to its stability remain elevated and have edged higher since December 2010. Content Type(s): Publications, Financial Stability Report
Implementing Cross-Border Interbank Lending in BoC-GEM-FIN Staff Discussion Paper 2016-19 Malik Shukayev, Argyn Toktamyssov BIS interbank lending data show that the Great Recession generated large and persistent changes in the international interbank lending positions of various countries. The main objective of this study is to understand the role of changes in international interbank credit flows in transmitting shocks across borders. Content Type(s): Staff research, Staff discussion papers Topic(s): Business fluctuations and cycles, Economic models, International topics JEL Code(s): E, E2, E27, E3, E37, F, F4, F47
India and the Global Demand for Commodities: Is There an Elephant in the Room? Staff Discussion Paper 2008-18 Michael Francis, Corinne Luu After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, India's impact on global commodity markets has been muted. The authors examine how India's domestic and trade policies have distorted and constrained its demand for commodities. Content Type(s): Staff research, Staff discussion papers Topic(s): Development economics, International topics JEL Code(s): F, F1, F14, O, O1, O13, O5, O53
June 23, 2003 Financial System Review - June 2003 This section of the Financial System Review examines the recent performance of the Canadian financial system and the factors, both domestic and international, that are influencing it. Content Type(s): Publications, Financial Stability Report
March 9, 2000 The Conduct of Monetary Policy When You Live Next Door to a Large Neighbour Remarks Gordon Thiessen Canadian Society of New York New York, New York Both in Canada and elsewhere, much ink has been spilled over the past year on the pros and cons of different exchange rate regimes and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
December 22, 2003 Current Account Imbalances: Some Key Issues for the Major Industrialized Countries Bank of Canada Review - Winter 2003-2004 Jocelyn Jacob The resurgence of sizable current account imbalances in the major economies in recent years, particularly the tripling of the U.S. deficit, has led to renewed academic and public discussions about their sustainability. Jacob's main objective is to show that current account balances are simply the outcome of various relative structural and cyclical forces between trading partners. He reviews the factors behind the changes in the current account positions of the three largest industrial economies (the United States, Japan, and the euro area). Two strong determinants shaping the current account balances are the faster increase in U.S. productivity compared with that of other major economies and, more recently, the loosening in the U.S. fiscal stance. Jacob also reviews a range of outside assessments from such sources as the Organisation for Economic Co-operation and Development and the International Monetary Fund, as well as the academic literature, to determine the possible risks to macroeconomic and financial stability. Content Type(s): Publications, Bank of Canada Review articles Topic(s): Exchange rates, International topics
October 25, 2006 The Global Economic Landscape and the Implications for Ontario Remarks David Dodge 2006 Ontario Economic Leadership Summit Niagara-on-the-Lake, Ontario How can we develop human capital to its fullest potential, and retain that capital? How can we foster research, innovation, and commercialization in this province? How can we improve Ontario's competitiveness in the global marketplace? Content Type(s): Press, Speeches and appearances, Remarks
June 21, 2006 Bank of Canada Review - Summer 2006 Cover page Irish Gun Money The coins pictured on the cover are part of the National Currency Collection of the Bank of Canada. Photography by Gord Carter Content Type(s): Publications, Bank of Canada Review
May 30, 2006 Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology Opening statement David Dodge House of Commons Standing Committee on Industry, Science and Technology The Bank of Canada Act calls on us to "mitigate … fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada." Over time, it has become clear that the best way for us to fulfill this mandate is to keep inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Opening statements
April 5, 2016 China’s Great Transition: What It Means for Canada Remarks Carolyn A. Wilkins Greater Vancouver Board of Trade Vancouver, British Columbia Senior Deputy Governor Carolyn Wilkins discusses the risks and opportunities for Canada of China’s economic transition. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Financial stability, International financial markets, International topics, Monetary policy, Monetary policy and uncertainty, Trade integration