March 16, 2008 Developing a Framework to Assess Financial Stability: Conference Highlights and Lessons Bank of Canada Review - Spring 2008 Olivier de Bandt, Céline Gauthier, Pierre St-Amant Central banks are still defining their approach to financial stability and are at an early stage in the development of useful models. The Bank of Canada's 2007 economic conference was organized to stimulate progress in the development of financial-stability frameworks. Among the highlights reported here are the discussions centred around three proposed frameworks: a contingent-claims-analysis framework, a semi-structural framework, and structural financial-stability models. Participants also reported on their experiences with stress-testing under the International Monetary Fund's Financial Sector Assessment Program and discussed the implications for financial stability of linkages among payment, clearing, and settlement systems. Content Type(s): Publications, Bank of Canada Review articles
February 25, 2013 Rebuilding Trust in Global Banking Remarks Mark Carney 7th Annual Thomas d’Aquino Lecture on Leadership - Lawrence National Centre for Policy and Management - Richard Ivey School of Business - Western University London, Ontario Bank of Canada Governor Mark Carney discusses the breakdown in trust in global banking and what is required to rebuild it. Content Type(s): Press, Speeches and appearances, Remarks
December 14, 2009 Towards a Stress-Testing Model Consistent with the Macroprudential Approach Financial System Review - December 2009 Céline Gauthier, Alfred Lehar, Moez Souissi Content Type(s): Publications, Financial System Review articles
The Share of Systematic Variations in the Canadian Dollar—Part III Staff analytical note 2018-13 Guillaume Nolin, James Kyeong, Jean-Sébastien Fontaine We draw a parallel between the dramatic increases of systematic variations in exchange rates and international bank lending. We find that when a country’s currency has a larger share of systematic variations, lending flows by international banks to that country become more sensitive to global lending - they also become more systematic. This parallel is particularly prevalent for large commodity exporters, including Canada. Global financial intermediation may open a new channel between the real economy and exchange rates. Content Type(s): Staff research, Staff analytical notes JEL Code(s): F, F3, F31 Research Theme(s): Financial markets and funds management, International markets and currencies, Financial system, Financial institutions and intermediation
June 23, 2005 Degree of Internationalization: An Analysis of Canadian Banks Financial System Review - June 2005 Walid Hejazi, Eric Santor Content Type(s): Publications, Financial System Review articles
The Economics of Cryptocurrencies—Bitcoin and Beyond Staff working paper 2019-40 Jonathan Chiu, Thorsten Koeppl Since the creation of Bitcoin in 2009, over 2,000 cryptocurrencies have been issued. We evaluate how well a cryptocurrency functions as a payment system. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E5, L, L5 Research Theme(s): Monetary policy, Monetary policy tools and implementation, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
December 14, 2009 Reform of Securitization Financial System Review - December 2009 Jack Selody, Elizabeth Woodman Content Type(s): Publications, Financial System Review articles
June 23, 2026 Global imbalances, growth and stability Remarks Tiff Macklem Paris Europlace – Chambre de commerce France-Canada Paris, France Governor Tiff Macklem talks about how financial risks could combine with global imbalances to weaken the international system and outlines the adjustments needed to keep it strong. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
June 7, 2018 Covered Bonds as a Source of Funding for Banks’ Mortgage Portfolios Financial System Review - June 2018 Toni Ahnert The author traces developments in the Canadian covered bond market. Covered bonds could be a valuable way to provide a stable and diverse source of funding, particularly for smaller banks. However, higher issuance could increase banks’ vulnerability to liquidity stress, with implications for the broader financial system. The author argues that these benefits and challenges can be balanced in a well-designed policy framework. Content Type(s): Publications, Financial System Review articles JEL Code(s): G, G1, G2, G21, G28
December 9, 2010 The Countercyclical Bank Capital Buffer: Insights for Canada Financial System Review - December 2010 David Xiao Chen, Ian Christensen Content Type(s): Publications, Financial System Review articles