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
March 25, 2013 Bank of Canada Announces Recipients of 2013 Fellowship and Governor’s Awards Media Relations Ottawa, Ontario The Bank of Canada today announced the recipient of the Bank’s Fellowship Award and Governor's Award for 2013. Content Type(s): Press, Press releases Source(s): Fellowship Program
March 22, 2013 Weekly Financial Statistics - 22 March 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
March 21, 2013 Summary of Comments - 2013-14 Debt Management Strategy Consultations The Summary of Comments - 2013-14 Debt Management Strategy Consultations is being published on the Bank of Canada’s website in conjunction with the release of the government’s Debt Management Strategy for 2013-14. Content Type(s): Press, Market notices
March 15, 2013 Weekly Financial Statistics - 15 March 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
A Tractable Monetary Model Under General Preferences Staff Working Paper 2013-7 Tsz-Nga Wong Consider the monetary model of Lagos and Wright (JPE 2005) but with general preferences and general production. I show that preferences satisfying UXXUHH – (UXH)2 = 0 is a sufficient condition for the existence and uniqueness of monetary equilibrium with degenerate money distribution. Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): D, D8, D83, E, E4, E40
To Link or Not To Link? Netting and Exposures Between Central Counterparties Staff Working Paper 2013-6 Stacey Anderson, Jean-Philippe Dion, Héctor Pérez Saiz This paper provides a framework to compare linked and unlinked CCP configurations in terms of total netting achieved by market participants and the total system default exposures that exist between participants and CCPs. Content Type(s): Staff research, Staff working papers Topic(s): Payment clearing and settlement systems JEL Code(s): G, G1, G18, G2, G23
March 8, 2013 Weekly Financial Statistics - 8 March 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
Market Structure and Cost Pass-Through in Retail Staff Working Paper 2013-5 Gee Hee Hong, Nicholas Li We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Monetary policy transmission JEL Code(s): E, E3, E30, E31, L, L1, L11, L16
Méthodologie de construction de séries de taux de défaut pour l’industrie canadienne Staff Discussion Paper 2013-2 Ramdane Djoudad, Étienne Bordeleau Default rates are series commonly used in stress testing. In Canada, as in many other countries, there are no historical series available for sectoral default rates on bank loans to firms. Content Type(s): Staff research, Staff discussion papers Topic(s): Econometric and statistical methods, Financial institutions, Financial stability JEL Code(s): C, C1, C13, C18, G, G2, G21, G3, G33