April 14, 2007 Bank of Canada Review - Spring 2007 Cover page Gas Cards All gas cards pictured here are part of the National Currency Collection of the Bank of Canada. Content Type(s): Publications, Bank of Canada Review
Is anyone surprised? The high-frequency impact of US and domestic macroeconomic data announcements on Canadian asset prices Staff analytical note 2025-10 Blake DeBruin Martos, Rodrigo Sekkel, Henry Stern, Xu Zhang Using almost two decades of detailed high-frequency data, we show how Canadian interest rates, the CAD/USD spot exchange rate, and stock market returns react to both US and domestic macro announcements. We find that Canadian macroeconomic announcements invoke greater responses in short-term yields, whereas US macroeconomic announcements play an increasingly important role in the yield movements of longer-term assets. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G1, G14, G15 Research Theme(s): Financial markets and funds management, International markets and currencies, Market functioning, Monetary policy, Real economy and forecasting
December 21, 2006 Are Canadian Banks Efficient? A Canada-U.S. Comparison Financial System Review - December 2006 Jason Allen, Walter Engert, Ying Liu Content Type(s): Publications, Financial System Review articles
May 15, 2001 www.bankofcanada.ca—The Bank on the World Wide Web Bank of Canada Review - Spring 2001 Brent Eades This article by the Bank's Web master details the development of the Bank's Web site and highlights some of its special features. It includes a description of dataBANK, a custom-built interface to the Bank's economic databases that gives visitors access to 220 data series. It also provides a mini tour of monetary policy material "on site," as well as a taste of things to come. Above all, this article invites you to come and visit our site. Content Type(s): Publications, Bank of Canada Review articles
Why Fixed Costs Matter for Proof-of-Work Based Cryptocurrencies Staff working paper 2020-27 Rodney J. Garratt, Maarten van Oordt Can Bitcoin survive? Some say it will become vulnerable to attacks as the rewards for processing Bitcoin transactions continue to decline. The economics of fixed costs suggest the specialized hardware used to mine Bitcoin may be key to its survival. Content Type(s): Staff research, Staff working papers JEL Code(s): G, G1, G10, L, L1, L11 Research Theme(s): Financial markets and funds management, Market functioning, Money and payments, Digital assets and fintech
Central Bank Digital Currencies and Banking: Literature Review and New Questions Staff discussion paper 2023-4 James Chapman, Jonathan Chiu, Mohammad Davoodalhosseini, Janet Hua Jiang, Francisco Rivadeneyra, Yu Zhu We review the nascent but fast-growing literature on central bank digital currencies (CBDCs), focusing on their potential impacts on private banks. We evaluate these impacts in three areas of traditional banking: payments, lending and liquidity and maturity transformation. We also take a broader look at CBDCs and highlight two promising directions for future research. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E5, E50, E58, G, G0, G00, L, L0, L00 Research Theme(s): Financial system, Financial institutions and intermediation, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
February 18, 2008 The Implications of Globalization for the Economy and Public Policy Remarks Mark Carney British Columbia Chamber of Commerce and the Business Council of British Columbia Vancouver, British Columbia I chose to speak about globalization at the outset of my tenure because it will continue to be one of the forces shaping our economy and economic policy for years to come. Steady advances in transportation, communication, and information technologies, underpinned by the more widespread adoption of free-market economic policies, are shrinking the globe and expanding the global economy. Content Type(s): Press, Speeches and appearances, Remarks
May 13, 2014 Bank of Canada Review - Spring 2014 The five articles in this issue present research and analysis by Bank staff covering a variety of topics: the growth of Canadian-dollar-denominated assets in official foreign reserves; the emergence of platform-based digital currencies; methods of forecasting the real price of oil; measures of uncertainty in monetary policy; and the recent performance of the labour market in Canada and the United States. Content Type(s): Publications, Bank of Canada Review
Digitalization: Prices of Goods and Services Staff discussion paper 2023-27 Vivian Chu, Tatjana Dahlhaus, Christopher Hajzler This paper outlines and assesses the various channels through which digitalization can affect prices of goods and services. Content Type(s): Staff research, Staff discussion papers JEL Code(s): D, D2, E, E3, E31, E5, E52, L, L1, L11 Research Theme(s): Monetary policy, Inflation dynamics and pressures, Structural challenges, Digitalization and productivity
February 24, 2012 A Monetary Policy Framework for All Seasons Remarks Mark Carney U.S. Monetary Policy Forum New York, New York Governor Mark Carney reviews the advantages of Canada’s flexible inflation-targeting regime. Content Type(s): Press, Speeches and appearances, Remarks