December 12, 2016 FSB Regional Consultative Group for the Americas discusses fintech, correspondent banking and regional vulnerabilities This press release, issued by the Financial Stability Board, announces that a regional consultative group co-chaired by Bank of Canada Senior Deputy Governor Carolyn A. Wilkins discussed the benefits and risks of fintech developments, including the implications of distributed ledger technology and peer-to-peer lending. Content Type(s): Press, Press releases Topic(s): Digital currencies and fintech
December 9, 2016 Weekly Financial Statistics - 9 December 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics
Quantitative Easing in a Small Open Economy: An International Portfolio Balancing Approach Staff Working Paper 2016-55 Serdar Kabaca This paper studies the effects of quantitative easing (QE) in a small open economy dynamic stochastic general-equilibrium model with international portfolio balancing. Portfolios are classified as imperfectly substitutable short-term and long-term subportfolios, each including domestic and foreign bonds. Content Type(s): Staff research, Staff working papers Topic(s): International topics, Monetary policy transmission JEL Code(s): E, E5, E52, F, F4, F41
Producer Heterogeneity, Value-Added, and International Trade Staff Working Paper 2016-54 Patrick Alexander Standard new trade models depict producers as heterogeneous in total factor productivity. In this paper, I adapt the Eaton and Kortum (2002) model of international trade to incorporate tradable intermediate goods and producer heterogeneity in value-added productivity. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, International topics, Productivity, Trade integration JEL Code(s): F, F1, F11, F12, F14
Comparing Forward Guidance and Neo-Fisherianism as Strategies for Escaping Liquidity Traps Staff Analytical Note 2016-16 Robert Amano, Thomas J. Carter, Rhys R. Mendes What path should policy-makers select for the nominal rate when faced with a liquidity trap during which the effective lower bound binds? Content Type(s): Staff research, Staff analytical notes Topic(s): Central bank research, Economic models, Inflation and prices, Interest rates, Monetary policy framework, Monetary policy transmission JEL Code(s): E, E4, E5
December 8, 2016 Viola Desmond chosen as the Bank NOTE-able woman to be featured on new $10 bank note Media Relations Gatineau, Quebec Governor Stephen S. Poloz, Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu today announced that Viola Desmond will be featured on a new $10 bank note, expected in late 2018. Content Type(s): Press, Press releases
December 8, 2016 Engaging Canadians: a #bankNOTEable process Remarks Stephen S. Poloz Canadian Museum of History Gatineau, Quebec Governor Poloz, with Ministers Morneau and Hadju, announces the #bankNOTEable woman. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
December 7, 2016 Public consultation results for the vertical $10 note Highlights and comprehensive reports related to the bank NOTE-able consultation and design process.
December 7, 2016 Bank of Canada maintains overnight rate target at 1/2 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Content Type(s): Press, Press releases