June 30, 2016
Posts
-
-
-
Financial Crisis Interventions
This paper develops a model of an economy where bank credit supports both productive investment and individual consumption smoothing in the face of idiosyncratic income risk. Bank credit is constrained by bank equity capital. -
-
The Real-Time Properties of the Bank of Canada’s Staff Output Gap Estimates
We study the revision properties of the Bank of Canada’s staff output gap estimates since the mid-1980s. Our results suggest that the average staff output gap revision has decreased significantly over the past 15 years, in line with recent evidence for the U.S. -
June 24, 2016
Statement of G7 Finance Ministers and Central Bank Governors
We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market developments following the outcome of the referendum on the UK’s membership of the EU. -
-
-
June 17, 2016
Unlocking fintech’s promise requires collaboration, says Senior Deputy Governor Wilkins
Technological innovation in financial services could transform the financial system, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today. But realizing the benefits of fintech, while guarding against the risks it could create, requires strong collaboration among actors in the financial system. -
June 17, 2016
Fintech and the Financial Ecosystem: Evolution or Revolution?
Senior Deputy Governor Carolyn Wilkins calls for the public and private sectors to work closely together to realize fintech’s full benefits and minimize its risks.