International financial markets - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:00:48+00:00The Role of International Financial Integration in Monetary Policy Transmission
https://www.bankofcanada.ca/2024/02/staff-working-paper-2024-3/
We propose an open-economy New Keynesian model with financial integration that allows financial intermediaries to hold foreign long-term bonds. We study the implications of financial integration on monetary policy transmission. Among various aspects of financial integration, the bond duration plays a major role. These results hold for conventional and unconventional monetary policies.2024-02-06T14:47:16+00:00enThe Role of International Financial Integration in Monetary Policy Transmission2024-02-06Central bank researchInternational financial marketsMonetary policy transmissionStaff Working Paper 2024-3https://www.bankofcanada.ca/wp-content/uploads/2024/02/swp2024-3.pdfThe Role of International Financial Integration in Monetary Policy TransmissionJing Cynthia WuYinxi XieJi ZhangFebruary 2024EE4E44E5E52FF3F36F4F42BoC–BoE Sovereign Default Database: What’s new in 2023?
https://www.bankofcanada.ca/2023/07/staff-analytical-note-2023-10/
The BoC–BoE database of sovereign debt defaults, published and updated annually by the Bank of Canada and the Bank of England, provides comprehensive estimates of stocks of government obligations in default. The 2023 edition includes a new section about the characteristics of sovereign defaults and provides new visuals showing regional debt in default.2023-07-31T10:00:22+00:00enBoC–BoE Sovereign Default Database: What’s new in 2023?2023-07-31BoC–BoE Sovereign Default Database: Appendix and References
https://www.bankofcanada.ca/2023/07/technical-report-125/
Since 2014, the Bank of Canada (BoC) has maintained a comprehensive database of sovereign defaults to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. The database is posted on the BoC’s website and is updated annually in partnership with the Bank of England (BoE).2023-07-28T11:13:28+00:00enBoC–BoE Sovereign Default Database: Appendix and References2023-07-28Debt managementDevelopment economicsFinancial stabilityInternational financial marketsTechnical Report 2023-125https://www.bankofcanada.ca/wp-content/uploads/2023/07/tr125.pdfTechnical Report 2023-125David BeersObiageri NdukweAlex CharronJuly 2023FF3F34GG1G10G14G15BoC–BoE Sovereign Default Database: Methodology and Assumptions
https://www.bankofcanada.ca/2023/07/technical-report-124/
The Bank of Canada (BoC), in partnership with the Bank of England (BoE), developed a comprehensive database of sovereign defaults in 2014. The database is posted on the Bank of Canada’s website and updated annually. The BoC–BoE database draws on datasets published by various public and private sector sources. It combines elements of these, together with new information, to develop comprehensive estimates of stocks of government obligations in default.2023-07-28T11:04:38+00:00enBoC–BoE Sovereign Default Database: Methodology and Assumptions2023-07-28Debt managementDevelopment economicsFinancial stabilityInternational financial marketsTechnical Report 2023-124https://www.bankofcanada.ca/wp-content/uploads/2023/07/tr124.pdfTechnical Report 2023-124David BeersObiageri NdukweAlex CharronJuly 2023FF3F34GG1G10G14G15The Macroeconomic Effects of Portfolio Equity Inflows
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-31/
I provide evidence that portfolio equity inflows can have expansionary effects on GDP and inflation if not offset by monetary policy. I use a shift-share instrument to estimate equity inflows based on plausibly exogenous timing of inflows into mutual funds with heterogeneous country portfolios.2023-06-09T09:26:14+00:00enThe Macroeconomic Effects of Portfolio Equity Inflows2023-06-09Business fluctuations and cyclesInternational financial marketsInternational topicsMonetary policyStaff Working Paper 2023-31https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-31.pdfThe Macroeconomic Effects of Portfolio Equity InflowsNick SanderJune 2023EE3E32FF3F32F4F44Release of the Financial System Review
https://www.bankofcanada.ca/2023/05/opening-statement-180523/
Press conference following the release of the Financial System Review.2023-05-18T11:00:36+00:00Release of the Financial System Review2023-05-18Tiff MacklemCarolyn RogersGetting inflation back to 2%
https://www.bankofcanada.ca/2023/05/getting-inflation-back-to-2/
Governor Tiff Macklem explains that higher interest rates are working to slow inflation but warns that getting all the way back to the 2% target may take time. He also discusses the recent stress in the global banking sector and how financial stability and price stability work together.2023-05-04T17:58:32+00:00Getting inflation back to 2%2023-05-04Tiff MacklemStaying the course to price stability
https://www.bankofcanada.ca/2023/05/staying-course-price-stability/
Governor Tiff Macklem explains how monetary policy is working to bring inflation down and outlines the challenges ahead. He also discusses recent stress in the global banking sector and how financial stability and price stability interact.2023-05-04T12:50:14+00:00Staying the course to price stability2023-05-04Tiff MacklemStagflation and Topsy-Turvy Capital Flows
https://www.bankofcanada.ca/2022/11/staff-working-paper-2022-46/
Unregulated capital flows are likely excessive during a stagflation episode, owing to a macroeconomic externality operating through the economy’s supply side. Inflows raise domestic wages and cause unwelcome upward pressure on firm costs, yet market forces likely generate such inflows. Optimal capital flow management instead requires net outflows.2022-11-10T10:24:04+00:00enStagflation and Topsy-Turvy Capital Flows2022-11-10Inflation and pricesInternational financial marketsInternational topicsMonetary policyStaff Working Paper 2022-46https://www.bankofcanada.ca/wp-content/uploads/2022/11/swp2022-46.pdfStaff Working Paper 2022-46Julien BenguiLouphou CoulibalyNovember 2022DD6D62EE5E52FF3F32F38F4F41BoC–BoE Sovereign Default Database: What’s new in 2022?
https://www.bankofcanada.ca/2022/08/staff-analytical-note-2022-11/
The BoC–BoE database of sovereign debt defaults, published and updated annually by the Bank of Canada and the Bank of England, provides comprehensive estimates of stocks of government obligations in default.2022-08-23T10:00:57+00:00enBoC–BoE Sovereign Default Database: What’s new in 2022?2022-08-23