October 2, 2008 Results of the 2 October 2008 Sale of Treasury Bills for Balance Sheet Management Purposes Results of the 2 October 2008 Sale of Treasury Bills. Content Type(s): Press, Market notices
Globalization and Inflation: The Role of China Staff Working Paper 2008-35 Denise Côté, Carlos De Resende In this paper, we develop a theoretical model which identifies four channels–import prices, competition with domestic suppliers and workers, and commodity prices–through which price- and wage-setting conditions in country j may affect inflation in country i. Content Type(s): Staff research, Staff working papers Research Topic(s): International topics JEL Code(s): E, E2, E22, E3, E32, E4, E44
October 1, 2008 Results of the 1 October 2008 Term PRA Transaction Results of today's term PRA operations. Content Type(s): Press, Market notices
September 30, 2008 Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes The Bank of Canada announced today it will sell $4.0 billion of its holdings of treasury bills. Content Type(s): Press, Market notices
September 30, 2008 Bank of Canada Announces Details of its 28 Day Term PRA Transaction In light of increased pressures in term lending markets, the Bank of Canada announced today that it will enter into a 28-day Purchase and Resale Agreement (PRA) transaction as follows: Content Type(s): Press, Market notices
September 29, 2008 Bank of Canada Announces Expansion of the Swap Facility with U.S. Federal Reserve as part of Coordinated Central Bank Actions In response to continued strains in short-term funding markets, central banks today are announcing further coordinated actions to expand significantly the capacity to provide U.S. dollar liquidity. Content Type(s): Press, Market notices
Combining Canadian Interest-Rate Forecasts Staff Working Paper 2008-34 David Bolder, Yuliya Romanyuk Model risk is a constant danger for financial economists using interest-rate forecasts for the purposes of monetary policy analysis, portfolio allocations, or risk-management decisions. Use of multiple models does not necessarily solve the problem as it greatly increases the work required and still leaves the question "which model forecast should one use?" Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Interest rates JEL Code(s): C, C1, C11, E, E4, E43, E47
September 25, 2008 Governor Carney Discusses Impact of Recent International Developments Media Relations Montréal, Quebec The world is grappling with dramatic events that have seized up markets, sparked a massive flight to quality and caused some great names in the world of finance to succumb, Bank of Canada Governor Mark Carney said today. Content Type(s): Press, Press releases
September 25, 2008 Bank of Canada Announces Term PRA Transactions In light of ongoing pressures in term lending markets, the Bank of Canada will provide additional liquidity through term Purchase and Resale Agreements (term PRAs) according to the following schedule: Content Type(s): Press, Market notices
The Impact of Sovereign Wealth Funds on International Financial Stability Staff Discussion Paper 2008-14 Tamara Gomes Over the recent period, many emerging-market economies and commodity-exporting nations have experienced unprecedented growth and accumulated substantial amounts of foreign exchange reserves. The management of these foreign reserves has led to the emergence of important financial actors: sovereign wealth funds (SWFs). Content Type(s): Staff research, Staff discussion papers Research Topic(s): Financial stability, Recent economic and financial developments JEL Code(s): F, F2, F21, F3, F31, F32, G, G1, G15