The Direct Effect of China on Canadian Consumer Prices: An Empirical Assessment Staff Discussion Paper 2007-10 Louis Morel The author investigates the direct effect of Chinese imported goods on consumer prices in Canada. On average, over the 2001–06 period, the direct effect of consumer goods imported from China is estimated to have reduced the inflation rate by about 0.1 percentage points per year. This disinflationary effect is due to two causes: first, the […] Content Type(s): Staff research, Staff discussion papers Topic(s): Inflation and prices JEL Code(s): E, E3, E31
Hedge Funds and Financial Stability: The State of the Debate Staff Discussion Paper 2007-9 Michael R. King, Philipp Maier The authors review the state of the debate on hedge funds and the potential threat that hedge funds pose to financial stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically important financial institutions, or indirectly by increasing market volatility and generating a […] Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): G, G1, G15, G18, G2
September 12, 2007 Governor Dodge Discusses the Importance of Transparency in Financial Markets Media Relations London, United Kingdom One of the clearest lessons to emerge from the recent financial market dislocation is the critical importance of transparency if debt markets are to function properly, Bank of Canada Governor David Dodge said today in a speech to the Canada-U.K. Chamber of Commerce. Content Type(s): Press, Press releases
September 12, 2007 A Clear Case for Transparency Remarks David Dodge Canada-U.K. Chamber of Commerce London, United Kingdom We have seen a remarkable continuation of robust global growth, fuelled by increases in international trade and facilitated by the continuing evolution and expansion of capital markets. Domestic demand began to grow more strongly in Europe and Asia and to slow in the United States, and this began to ease some of the concerns related to global imbalances that I spoke about during my last visit. Content Type(s): Press, Speeches and appearances, Remarks
September 10, 2007 New initiative to involve Canadian high school students in the fight against bank note counterfeiting crimes Media Relations Ottawa, Ontario The Bank of Canada, the Durham District School Board, the Royal Canadian Mounted Police, the Ontario Provincial Police and the Sûreté du Québec are joining forces to promote the new Counterfeit Detection module, a free ready-to-teach kit available to high schools across the country. Content Type(s): Press, Press releases
The Bank of Canada's Version of the Global Economy Model (BoC-GEM) Technical Report No. 98 René Lalonde, Dirk Muir The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo Pesenti (Federal Reserve Bank of New York and National Bureau of Economic Research). Content Type(s): Staff research, Technical reports Topic(s): Business fluctuations and cycles, Economic models, International topics JEL Code(s): C, C6, C68, E, E2, E27, E3, E37, F, F3, F32, F4, F47
September 6, 2007 The Bank of Canada is committed to providing liquidity; restores standard terms for SPRA Media Relations Ottawa, Ontario The Bank of Canada is committed to providing liquidity in support of the efficient functioning of Canada's financial markets. Content Type(s): Press, Press releases
September 5, 2007 Bank of Canada keeps target for the overnight rate at 4 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 4 1/2 per cent. Content Type(s): Press, Press releases
Estimating and Comparing the Implied Cost of Equity for Canadian and U.S. Firms Staff Working Paper 2007-48 Jonathan Witmer, Lorie Zorn This paper estimates the implied cost of equity for Canadian and U.S. firms using a methodology based on the dividend discount model and utilizing firms' current stock price and analysts' forecasted earnings. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, International topics JEL Code(s): G, G3, G30, G38
August 27, 2007 The Bank of Canada's Research Agenda and the Future of Inflation Targeting Remarks Pierre Duguay Canadian Association for Business Economics Kingston, Ontario The last few weeks have been a time of turbulence in financial markets. In times such as these, it is common for people to focus on day-by-day or even hour-by-hour events, and to lose sight of the future. But tonight, I want to focus on the future; specifically, the future of inflation targeting in Canada. Content Type(s): Press, Speeches and appearances, Remarks