November 19, 2018 New vertical $10 bank note featuring iconic Canadian Viola Desmond now in circulation Media Relations Winnipeg, Manitoba The Bank of Canada today issued the new vertical $10 bank note featuring the portrait of social justice icon Viola Desmond, during a ceremony at the Canadian Museum for Human Rights (CMHR) in Winnipeg. Content Type(s): Press, Press releases Research Topic(s): Bank notes
November 19, 2018 Launch of New $10 Note Remarks Stephen S. Poloz Winnipeg, Manitoba Governor Poloz speaks at the launch of Canada’s new vertical $10 note. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Bank notes
November 19, 2018 CARR Meeting (November 19, 2018) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability? Staff Working Paper 2018-55 Toni Ahnert, Kristin Forbes, Christian Friedrich, Dennis Reinhardt Can macroprudential foreign exchange (FX) regulations on banks reduce the financial and macroeconomic vulnerabilities created by borrowing in foreign currency? To evaluate the effectiveness and unintended consequences of macroprudential FX regulations, we develop a parsimonious model of bank and market lending in domestic and foreign currency and derive four predictions. Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rates, Financial institutions, Financial system regulation and policies, International financial markets JEL Code(s): F, F3, F32, F34, G, G1, G15, G2, G21, G28
November 15, 2018 The Bank of Canada, Bank of England and Monetary Authority of Singapore share assessment on emerging opportunities for digital transformation in cross-border payments This joint press release describes a preliminary report on the findings of the fourth phase of the Project Jasper research initiative. Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
November 14, 2018 Bank of Canada launches digital hub for promoting a stable and efficient financial system Media Relations Ottawa, Ontario Today the Bank of Canada launched the Financial System Hub, a dedicated space on the Bank’s website for timely analysis and research on financial stability issues. Content Type(s): Press, Press releases
Modelling the Macrofinancial Effects of a House Price Correction in Canada Staff Analytical Note 2018-36 Thibaut Duprey, Xuezhi Liu, Cameron MacDonald, Maarten van Oordt, Sofia Priazhkina, Xiangjin Shen, Joshua Slive We use a suite of risk-assessment models to examine the possible impact of a hypothetical house price correction, centred in the Toronto and Vancouver areas. We also assume financial stress significantly amplifies the macroeconomic impact of the house price decline. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial institutions, Financial stability, Housing JEL Code(s): E, E2, E27, E3, E37, E4, E44, G, G2, G21