A Framework in Search of an Optimal Margining Policy for Official Institutions: The Canadian Experience Staff discussion paper 2016-9 Tomo Nakashima, Mihai Cosma, Boran Plong One of the main outcomes of the global financial crisis has been a series of new regulations imposed on the financial system and specifically on banks. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G3, G32 Research Theme(s): Financial markets and funds management, Funds management, Financial system, Financial stability and systemic risk, Money and payments, Payment and financial market infrastructures
June 21, 2006 Credibility with Flexibility: The Evolution of Inflation-Targeting Regimes, 1990–2006 Bank of Canada Review - Summer 2006 Graydon Paulin Beginning with a review of the adoption of inflation targeting in a broad group of countries, Paulin focuses on changes in the design of inflation-targeting frameworks in light of fifteen years of accumulated experience. Included in the discussion are the use of numerical targets and ranges, the policy horizon, supporting institutional policy structures, and communication, including the publication of forecasts. A recurring theme is how much flexibility an inflation-targeting regime allows. The article concludes that the changes made to the frameworks have been relatively modest since their adoption, but in concert with the improved credibility that has resulted from central banks meeting their inflation-control targets, they have allowed an increasingly nuanced response to economic shocks. Content Type(s): Publications, Bank of Canada Review articles
June 8, 2017 Using Market-Based Indicators to Assess Banking System Resilience Financial System Review - June 2017 Cameron MacDonald, Maarten van Oordt This report reviews the use of quantitative tools to gauge market participants’ assessment of banking system resilience. These measures complement traditional balance-sheet metrics and suggest that markets consider large Canadian banks to be better placed to weather adverse shocks than banks in other advanced economies. Compared with regulatory capital ratios, however, the measures suggest less improvement in banking system resilience since the pre-crisis period. Content Type(s): Publications, Financial System Review articles JEL Code(s): G, G0, G01, G1, G10, G2, G21
December 21, 2007 Financial System Review - December 2007 The financial system makes an important contribution to the welfare of all Canadians. The ability of households and firms to confidently hold and transfer financial assets is one of the fundamental building blocks of the Canadian economy. Content Type(s): Publications, Financial Stability Report
October 21, 2015 Monetary Policy Report – October 2015 Canada’s economy is expected to grow by 1.1 per cent this year before accelerating to 2.0 per cent in 2016 and 2.5 per cent in 2017. Content Type(s): Publications, Monetary Policy Report
October 10, 2015 Integrating Financial Stability into Monetary Policy Remarks Stephen S. Poloz Institute of International Finance Lima, Peru Governor Poloz speaks about how the Bank’s risk-management approach contributes to integrating financial stability concerns into monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
December 21, 2008 Liquidity Risk at Banks: Trends and Lessons Learned from the Recent Turmoil Financial System Review - December 2008 Jim Armstrong Content Type(s): Publications, Financial System Review articles
June 15, 2005 Adjusting to Change Remarks David Dodge Winnipeg Chamber of Commerce Winnipeg, Manitoba Change is the central theme of my remarks today. First, I will talk about some of the changes that have taken place at the Bank of Canada over its 70-year history. Then, I'll talk about some of the changes that are currently taking place in the global economy, as well as how we see our economy - across Canada and right here in Manitoba - adjusting to these changes. Content Type(s): Press, Speeches and appearances, Remarks
Digitalization: Implications for Monetary Policy Staff discussion paper 2023-18 Vivian Chu, Tatjana Dahlhaus, Christopher Hajzler, Pierre-Yves Yanni We explore the implications of digitalization for monetary policy, both in terms of how monetary policy affects the economy and in terms of data analysis and communication with the public. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C4, C8, E, E3, E31, E32, E5, E52 Research Theme(s): Models and tools, Econometric, statistical and computational methods, Economic models, Monetary policy, Monetary policy framework and transmission, Structural challenges, Digitalization and productivity
September 22, 2014 Monetary Policy and the Underwhelming Recovery Remarks Carolyn A. Wilkins CFA Society Toronto Toronto, Ontario Senior Deputy Governor Carolyn Wilkins discusses the structural and cyclical factors underlying the underwhelming economic recovery and the implications for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks