Financial System Review - December 2004

Financial System Review - December 2004
Available as: PDF

The Canadian financial system comprises financial markets, financial institutions, and the clearing and settlement systems.

December 23, 2004

Bank of Canada Lender-of-Last-Resort Policies

The Bank of Canada has distinct roles as a lender of last resort. This article outlines how and under what circumstances the Bank can routinely provide liquidity to facilitate payment settlement, as well as the various ways it can respond in more exceptional situations.