Lender of last resort - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:02:30+00:00Getting to a new normal
https://www.bankofcanada.ca/2024/03/getting-to-a-new-normal/
Deputy Governor Toni Gravelle speaks about how the Bank of Canada will manage its balance sheet once quantitative tightening ends.2024-03-21T09:35:48+00:00Getting to a new normal2024-03-21Toni GravelleGoing back to normal: The Bank of Canada’s balance sheet after quantitative tightening
https://www.bankofcanada.ca/2024/03/going-back-normal-bank-canadas-balance-sheet/
Deputy Governor Toni Gravelle provides an update on quantitative tightening and talks about how the Bank of Canada will manage its balance sheet once normalization ends.2024-03-21T09:35:29+00:00Going back to normal: The Bank of Canada’s balance sheet after quantitative tightening2024-03-21Toni GravelleWhat has been putting upward pressure on CORRA?
https://www.bankofcanada.ca/2024/03/staff-analytical-note-2024-4/
From the autumn of 2023 into early 2024, the Canadian Overnight Repo Rate Average (CORRA), a measure of the cost of overnight general collateral Canadian dollar repos, was consistently well above the Bank’s target for the overnight rate. We find that, among several factors, long bond positions that require repo financing are the main driver of the recent upward pressure on CORRA.2024-03-21T09:35:25+00:00enWhat has been putting upward pressure on CORRA?2024-03-21Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs
https://www.bankofcanada.ca/2023/12/staff-discussion-paper-2023-30/
Central banks’ actions to stabilize financial markets and implement monetary policy during crises may come with costs and side effects. We provide a literature review of these costs and discuss measures that may mitigate the negative impacts of crisis actions.2023-12-11T13:33:31+00:00enCentral Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs2023-12-11Central bank researchFinancial institutionsFinancial marketsFinancial stabilityLender of last resortStaff Discussion Paper 2023-30https://www.bankofcanada.ca/wp-content/uploads/2023/12/sdp2023-30.pdfCentral Bank Crisis Interventions: A Review of the Recent Literature on Potential CostsPatrick AldridgeDavid CimonRishi ValaDecember 2023EE5E58GG1G10G2G20Should Banks Be Worried About Dividend Restrictions?
https://www.bankofcanada.ca/2023/09/staff-working-paper-2023-49/
A regulator would want to restrict dividends to force banks to rebuild capital during a crisis. But such a policy is not time-consistent. A time-consistent policy would let banks gradually rebuild capital and pay dividends even when their equity remains below pre-crisis levels.2023-09-27T13:03:27+00:00enShould Banks Be Worried About Dividend Restrictions?2023-09-27Business fluctuations and cyclesCredit and credit aggregatesCredit risk managementFinancial stabilityFinancial system regulation and policiesLender of last resortStaff Working Paper 2023-49https://www.bankofcanada.ca/wp-content/uploads/2023/09/swp2023-49.pdfStaff Working Paper 2023-49Josef SchrothSeptember 2023EE1E13E3E32E4E44Lessons from our support of financial markets in tough times
https://www.bankofcanada.ca/2023/03/lessons-support-financial-markets-tough-times/
Deputy Governor Toni Gravelle talks about how the Bank of Canada supported markets during the COVID-19 pandemic and what we might do differently in the future. He also discusses recent turmoil in the banking system in the United States and overseas.2023-03-29T12:30:52+00:00Lessons from our support of financial markets in tough times2023-03-29Toni GravelleThe Bank of Canada’s market liquidity programs: Lessons from a pandemic
https://www.bankofcanada.ca/2023/03/market-liquidity-programs-lessons-pandemic/
Deputy Governor Toni Gravelle speaks about market liquidity measures taken during the COVID-19 pandemic, and addresses recent turmoil in the US and international banking sectors.2023-03-29T12:30:24+00:00The Bank of Canada’s market liquidity programs: Lessons from a pandemic2023-03-29Toni GravelleCan regulating bank capital help prevent and mitigate financial downturns?
https://www.bankofcanada.ca/2021/06/staff-analytical-note-2021-12/
Countercyclical capital buffers are regulatory measures developed in response to the global financial crisis of 2008–09. This note focuses on how time-varying capital buffers can improve financial stability in Canada2021-06-01T14:00:43+00:00enCan regulating bank capital help prevent and mitigate financial downturns?2021-06-01Supporting markets in tough times
https://www.bankofcanada.ca/2021/03/supporting-markets-in-tough-times/
Deputy Governor Toni Gravelle talks about actions the Bank of Canada took to make sure financial markets could work smoothly during the COVID-19 pandemic. He also discusses the Bank’s plans to discontinue some programs.2021-03-23T13:15:44+00:00Supporting markets in tough times2021-03-23Toni GravelleMarket stress relief: The role of the Bank of Canada’s balance sheet
https://www.bankofcanada.ca/2021/03/market-stress-relief-role-bank-canadas-balance-sheet/
Deputy Governor Toni Gravelle discusses actions taken by the Bank of Canada to respond to market-wide stresses during the COVID-19 pandemic and the Bank’s role as lender of last resort in the financial system.2021-03-23T07:19:57+00:00Market stress relief: The role of the Bank of Canada’s balance sheet2021-03-23Toni Gravelle