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9262 Results

June 23, 2010

Technical reports

Technical reports provide detailed descriptions of staff research project methodologies and model development.
June 23, 2010

Staff discussion papers

Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
June 23, 2010

Staff working papers

Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.

The Role of Expenditure Switching in the Global Imbalance Adjustment

Staff Working Paper 2010-16 Wei Dong
In theory, nominal exchange rate movements can lead to “expenditure switching” when they generate changes in the relative prices of goods across countries. This paper explores whether the expenditure-switching role of exchange rates has changed in the current episode of significant global imbalances.
Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, International topics JEL Code(s): F, F3, F4
June 20, 2010

The Bank of Canada’s Extraordinary Liquidity Policies and Moral Hazard

Bank of Canada published a report establishing a set of principles to guide the extraordinary liquidity interventions it was making in response to the systemic shocks buffeting the Canadian financial system. These principles provided a framework for maintaining consistency between the Bank’s actions and its responsibilities as lender of last resort to the financial system, while allowing sufficient fl exibility to respond to the unique challenges of the crisis.
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