Countercyclical Bank Capital Requirement and Optimized Monetary Policy Rules Staff Working Paper 2013-8 Carlos De Resende, Ali Dib, René Lalonde, Nikita Perevalov Using BoC-GEM-Fin, a large-scale DSGE model with real, nominal and financial frictions featuring a banking sector, we explore the macroeconomic implications of various types of countercyclical bank capital regulations. Results suggest that countercyclical capital requirements have a significant stabilizing effect on key macroeconomic variables, but mostly after financial shocks. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial institutions, Financial stability, International topics JEL Code(s): E, E3, E32, E4, E44, E5, G, G1, G2
April 8, 2013 Business Outlook Survey - Spring 2013 Taken together, responses to the spring survey indicate that, following a recent slowing in economic activity, firms expect business conditions to remain challenging over the next 12 months. Content Type(s): Publications, Business Outlook Survey
April 8, 2013 Senior Loan Officer Survey - First-Quarter 2013 The survey results point to a slight easing in overall business-lending conditions during the first quarter of 2013. Content Type(s): Publications, Senior Loan Officer Survey
April 5, 2013 Weekly Financial Statistics - 5 April 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
April 2, 2013 Rebalancing the International Economic Order Presentation John Murray Peterson Institute for International Economics Washington, D.C. Deputy Governor John Murray discusses the urgent need to rotate global demand. Content Type(s): Press, Speeches and appearances, Presentations
April 1, 2013 Weekly Financial Statistics - 1 April 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
March 30, 2013 Research Update - March 2013 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
March 28, 2013 Banking and Financial Statistics - March 2013 Content Type(s): Publications, Historical: Banking and Financial Statistics
March 26, 2013 Toward a Stronger Financial Market Infrastructure for Canada: Taking Stock Remarks Agathe Côté Association for Financial Professionals of Canada (Montreal Chapter) Montréal, Quebec Deputy Governor Agathe Côté discusses accomplishments and work still to do by public and private sector stakeholders to make financial market infrastructure more resilient. Content Type(s): Press, Speeches and appearances, Remarks
March 26, 2013 Bank of Canada designates SwapClear under the Payment Clearing and Settlement Act Media Relations Ottawa, Ontario The Governor of the Bank of Canada has designated SwapClear as subject to ongoing regulatory oversight by the Bank under the Payment Clearing and Settlement Act (PCSA), effective 2 April 2013. Content Type(s): Press, Press releases