Grasping De(centralized) Fi(nance) Through the Lens of Economic Theory Staff Working Paper 2022-43 Jonathan Chiu, Charles M. Kahn, Thorsten Koeppl We analyze the value proposition and limitations of decentralized finance (DeFi). Based on a distributed ledger and smart contracts, DeFi can guarantee the execution of financial contracts, potentially lowering the costs of intermediation and improving financial inclusion. Content Type(s): Staff research, Staff working papers Topic(s): Digital currencies and fintech, Payment clearing and settlement systems JEL Code(s): G, G2
October 9, 2022 Cost of Living, CBC Radio Tiff Macklem, Governor of the Bank of CanadaInterview with the Cost of Living on CBC Radio Content Type(s): Press, Media activities
October 7, 2022 CARR agrees to begin process of developing Term CORRA benchmark On May 16, 2022 CARR launched a public consultation on whether there was a need for a forward-looking Term CORRA benchmark to replace CDOR in certain types of loan facilities. Content Type(s): Press, Market notices Source(s): Canadian Alternative Reference Rate Working Group
Examining recent revisions to CPI-common Staff Analytical Note 2022-15 Elyse Sullivan Unusually large revisions to CPI-common in recent months stem from increased common movements across consumer price index components amid broad inflationary pressures. With recent revisions, CPI-common is more closely aligned with the Bank of Canada’s other two preferred measures of core inflation. However, caution is necessary when interpreting real-time estimates of CPI-common in the current environment. Content Type(s): Staff research, Staff analytical notes Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C1, C13, C18, E, E3, E31
October 6, 2022 Bank of Canada Media Interview – CBC Radio Tiff Macklem, Governor of the Bank of Canada, was interviewed on CBC’s radio show Cost of Living. Content Type(s): Press, Media advisories
October 6, 2022 Bank of Canada Media Interview – Global National News Tiff Macklem, Governor of the Bank of Canada, gave an interview to Dawna Friesen. Content Type(s): Press, Media advisories
October 6, 2022 Global National Tiff Macklem, Governor of the Bank of Canada Interview with Global National Content Type(s): Press, Media activities