November 6, 2018 External academic consultants Meet the academic consultants and researchers from outside the Bank who are working with us.
November 6, 2018 Research on the financial system Find our research on the financial system by keyword, author, content type, JEL code, topic or date of publication.
November 5, 2018 Making sense of financial markets worth the effort, Governor Poloz says Media Relations London, United Kingdom It can be a challenge for central banks to reconcile their views of the economy with signals from financial markets, but the effort is worthwhile, Bank of Canada Governor Stephen S. Poloz says in a speech today. Content Type(s): Press, Press releases
November 5, 2018 Making Sense of Markets Remarks Stephen S. Poloz Canada–UK Chamber of Commerce London, United Kingdom Governor Poloz discusses how the Bank uses financial market information in its monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Asset pricing, Financial markets, Interest rates, Monetary policy, Recent economic and financial developments
Non-Performing Loans, Fiscal Costs and Credit Expansion in China Staff Working Paper 2018-53 Huixin Bi, Yongquan Cao, Wei Dong This paper studies how the credit expansion policy pursued by the Chinese government in an effort to stimulate its economy in the post-crisis period affects bank–firm loan contracts and the macroeconomy. We build a structural model with financial frictions in which the optimal loan contract reflects the trade-off between leverage and the probability of default. Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Fiscal policy, International topics JEL Code(s): E, E4, E44, E6, E62
November 1, 2018 Bank of Canada publishes staff economic projections for the first time Media Relations Ottawa, Ontario Today the Bank of Canada launched a digital database with more than 30 years of past staff economic projections of the Canadian economy. Content Type(s): Press, Press releases