Toni Gravelle - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T04:59:27+00:00Financial System Review—2023
https://www.bankofcanada.ca/2023/05/financial-system-review-2023/
The adjustment to higher interest rates is exposing vulnerabilities in the global financial system. Recent banking sector stresses serve as a reminder that risks can arise and spread quickly. Key areas of concern are bank funding, liquidity in fixed income markets, and households’ ability to service their debts. Other financial system concerns relate to cyber attacks, climate change and cryptoasset markets.2023-05-18T10:00:53+00:00enFinancial System Review—20232023-05-18Reviewing Canada’s Monetary Policy Implementation System: Does the Evolving Environment Support Maintaining a Floor System?
https://www.bankofcanada.ca/2023/05/staff-discussion-paper-2023-10/
At the onset of the pandemic, the Bank of Canada transitioned its framework for monetary policy implementation from a corridor system to a floor system, which it has since decided to maintain. We provide a comprehensive analysis of both frameworks and assess their relative merits based on five key criteria that define a sound framework.2023-05-15T11:57:08+00:00enReviewing Canada’s Monetary Policy Implementation System: Does the Evolving Environment Support Maintaining a Floor System?2023-05-15Market structure and pricingMonetary policy implementationPayment clearing and settlement systemsStaff Discussion Paper 2023-10https://www.bankofcanada.ca/wp-content/uploads/2023/05/sdp2023-10.pdfReviewing Canada’s Monetary Policy Implementation System: Does the Evolving Environment Support Maintaining a Floor System?Toni GravelleRon MorrowJonathan WitmerMay 2023DD4D47EE4E42E5E58Financial System Review—2022
https://www.bankofcanada.ca/2022/06/financial-system-review-2022/
The Canadian financial system remains resilient, but vulnerabilities have become more complex and risks have grown. The Bank is carefully watching households’ high levels of mortgage debt, as well as the risks associated with a price correction in Canada’s housing market.2022-06-09T10:00:28+00:00enFinancial System Review—20222022-06-09Financial System Review Summary—2021
https://www.bankofcanada.ca/2021/05/financial-system-review-summary-2021/
The Canadian financial system proved resilient during the COVID-19 pandemic—thanks to strong risk management and unprecedented fiscal and monetary policy support.2021-05-20T10:00:58+00:00enFinancial System Review Summary—20212021-05-20Our COVID-19 response: Keeping markets liquid
https://www.bankofcanada.ca/2020/06/keeping-markets-liquid/
When the COVID-19 pandemic hit Canada, the Bank of Canada acted quickly. We needed to make sure the financial system worked well enough that credit could continue to flow. That meant addressing shortages of liquidity in financial markets—the backbone for lending and borrowing in the economy.2020-06-10T13:45:27+00:00enOur COVID-19 response: Keeping markets liquid2020-06-10Financial System Review Summary—2020
https://www.bankofcanada.ca/2020/05/financial-system-review-summary-2020/
This issue of the Financial System Review focuses on the impact of COVID 19. The pandemic presents an unprecedented shock to the Canadian economy. This report identifies the effects on the Canadian financial system and explains how recent actions by the Bank and other policy-makers are helping to manage them. It further describes how a resilient financial system can help households and businesses smooth the effects of the COVID-19 shock and prepare for a robust recovery.2020-05-14T10:00:58+00:00enFinancial System Review Summary—20202020-05-14Monitoring and Assessing Risks in Canada’s Shadow Banking Sector
https://www.bankofcanada.ca/wp-content/uploads/2013/06/fsr-0613-gravelle.pdf
2013-06-13T10:30:13+00:00enMonitoring and Assessing Risks in Canada’s Shadow Banking Sector2013-06-13What Matters in Determining Capital Surcharges for Systemically Important Financial Institutions?
https://www.bankofcanada.ca/2011/11/discussion-paper-2011-9/
One way of internalizing the externalities that each individual bank imposes on the rest of the financial system is to impose capital surcharges on them in line with their systemic importance.2011-11-17T10:29:55+00:00enWhat Matters in Determining Capital Surcharges for Systemically Important Financial Institutions?2011-11-17Financial system regulation and policiesDiscussion Paper 2011 -9https://www.bankofcanada.ca/wp-content/uploads/2011/11/dp2011-09.pdfWhat Matters in Determining Capital Surcharges for Systemically Important Financial Institutions?Céline GauthierToni GravelleXuezhi LiuMoez SouissiNovember 2011CC1C15C8C81EE4E44GG0G01G2G21Measuring Systemic Importance of Financial Institutions: An Extreme Value Theory Approach
https://www.bankofcanada.ca/2011/09/working-paper-2011-19/
In this paper, we define a financial institution’s contribution to financial systemic risk as the increase in financial systemic risk conditional on the crash of the financial institution. The higher the contribution is, the more systemically important is the institution for the system.2011-09-30T09:04:00+00:00enMeasuring Systemic Importance of Financial Institutions: An Extreme Value Theory Approach2011-09-30Econometric and statistical methodsFinancial institutionsFinancial stabilityFinancial system regulation and policiesWorking Paper 2011-19https://www.bankofcanada.ca/wp-content/uploads/2011/09/wp2011-19.pdfMeasuring Systemic Importance of Financial Institutions: An Extreme Value Theory ApproachToni GravelleFuchun LiSeptember 2011CC1C14C5C58GG2G21G3G32Contingent Capital and Bail-In Debt: Tools for Bank Resolution
https://www.bankofcanada.ca/wp-content/uploads/2011/12/fsr-1210-dsouza.pdf
2010-12-09T11:10:50+00:00enContingent Capital and Bail-In Debt: Tools for Bank Resolution2010-12-09