Exact Non-Parametric Tests for a Random Walk with Unknown Drift under Conditional Heteroscedasticity Staff Working Paper 2001-2 Richard Luger This paper proposes a class of linear signed rank statistics to test for a random walk with unknown drift in the presence of arbitrary forms of conditional heteroscedasticity. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22
The Elements of the Global Network for Large-Value Funds Transfers Staff Working Paper 2001-1 James Dingle The author describes the various elements of the global payment network for large-value funds transfers (G-LVTN) in order to provide a convenient reference document intended for readers in the academic, legal, and financial communities. Content Type(s): Staff research, Staff working papers Topic(s): Payment clearing and settlement systems JEL Code(s): E, E4, E40, E6, E61
January 30, 2001 Annual Report 2001 The year that just passed posed many challenges for all Canadians. The slowdown in the global economy became more pronounced as the year went on, and this affected households, businesses, and governments alike. The tragedy of 11 September compounded the economic difficulties and issues facing us all. Through this period of rapidly changing circumstances, the Bank met its responsibilities by responding quickly and vigorously to events in order to underpin confidence and support the economy. Content Type(s): Publications, Annual Report
January 29, 2001 Annual Report 2000 The Canadian economy continued to expand robustly in 2000 while inflation remained low. Content Type(s): Publications, Annual Report
January 25, 2001 Group of Ten releases Report on Financial Sector Consolidation Today, the Group of Ten released its Report on Financial Sector Consolidation Content Type(s): Press, Announcements
January 23, 2001 Bank of Canada lowers Bank Rate to 5 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 1/2 per cent. Content Type(s): Press, Press releases
January 22, 2001 Bank of Canada Governor says Canada's economy faces the future with sound foundations Media Relations Toronto, Ontario In a speech to the Canadian Club of Toronto, Bank of Canada Governor Gordon Thiessen reviewed Canada's economic performance during the 1990s, focusing on the changes that have taken place in our economy and what these changes mean for the future. Content Type(s): Press, Press releases
January 22, 2001 Canada's Economic Future: What Have We Learned from the 1990s? Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario In early 1994, Canada's economic situation was not that favourable - our economy was facing some rather serious problems. Today, too, we face some challenges. But our overall economic and financial situation is much stronger now than it was seven years ago. Content Type(s): Press, Speeches and appearances, Remarks
January 17, 2001 Redesigned $10 Bank Note Launched - New Note Series to Feature Canada's Culture, History and Achievements Media Relations Ottawa, Ontario The Bank of Canada launched the first in a new series of bank notes today. The themes of the notes in the new series, entitled Canadian Journey, reflect Canadians' views of their culture, history, and achievements, said Gordon Thiessen, Governor of the Bank of Canada, as he unveiled the $10 note at the Bank. Content Type(s): Press, Press releases
January 16, 2001 Bank of Canada Review - Winter 2000-2001 Cover page Intaglio Master Plate—Bank of Canada, 1954 Series $5 The intaglio plate shown here is made of steel and measures approximately 8 1/4 x 4 3/4 inches. Together with the note, the engraver's chisel, and eyeglass, it is part of the National Currency Collection, Bank of Canada. Photography by James Zagon. Content Type(s): Publications, Bank of Canada Review