Recent economic and financial developments - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:05:50+00:00The Impact of Sovereign Wealth Funds on International Financial Stability
https://www.bankofcanada.ca/2008/09/discussion-paper-2008-14/
Over the recent period, many emerging-market economies and commodity-exporting nations have experienced unprecedented growth and accumulated substantial amounts of foreign exchange reserves. The management of these foreign reserves has led to the emergence of important financial actors: sovereign wealth funds (SWFs).2008-09-25T14:32:24+00:00enThe Impact of Sovereign Wealth Funds on International Financial Stability2008-09-25Financial stabilityRecent economic and financial developmentsDiscussion Paper 2008-14https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-14.pdfThe Impact of Sovereign Wealth Funds on International Financial StabilityTamara GomesSeptember 2008FF2F21F3F31F32GG1G15Adjusting to the Commodity-Price Boom: The Experiences of Four Industrialized Countries
https://www.bankofcanada.ca/wp-content/uploads/2010/06/francis.pdf
Between 2002 and 2008, global commodity prices rose to unprecedented levels. This article examines the process of adjustment to the commodity boom in four industrialized, commodity-exporting countries (Australia, Canada, New Zealand, and Norway). The article focuses on both the direct adjustment within the commodity-producing sectors (via increased employment and capital spending) and the indirect adjustment in the macro economy. The analysis finds that the indirect adjustment process, which was triggered by the increase in incomes that the commodity-price boom generated, has been the most important part of the adjustment in all four economies. Through this channel, aggregate demand rose, exchange rates appreciated, and adjustment was facilitated in other sectors, such as manufacturing and construction.2008-09-15T14:45:12+00:00enAdjusting to the Commodity-Price Boom: The Experiences of Four Industrialized Countries2008-09-15The Effects of Recent Relative Price Movements on the Canadian Economy
https://www.bankofcanada.ca/wp-content/uploads/2010/06/dupuis.pdf
Although the standard of living of Canadians has improved as a result of terms-of-trade gains created by the sharp rise in real commodity prices over the past five years or so, the commodity-price increase, combined with an exchange rate appreciation and real income gain, triggered structural adjustments by altering underlying economic incentives. The frictions generated in adjusting to the relative price shock have likely contributed to hold back aggregate productivity growth. Dupuis and Marcil examine the structural adjustments that have been required-in particular, the resource reallocation among the different sectors of the economy-and its effects on employment, output, and productivity, as well as the responses of final domestic demand and external trade flows.2008-09-15T14:38:42+00:00enThe Effects of Recent Relative Price Movements on the Canadian Economy2008-09-15The Bank of Canada's Senior Loan Officer Survey
https://www.bankofcanada.ca/wp-content/uploads/2010/06/faruqui.pdf
The Bank of Canada maintains regular contact with financial institutions as part of the information-gathering process that feeds into the larger set of information used to arrive at its monetary policy decision. Since 1999, the Bank has been conducting a quarterly survey of the business-lending practices of major Canadian financial institutions. Analysis of the information collected shows that it is correlated with future growth in both credit and business investment. This article focuses on how the survey is conducted and describes the construction of the summary statistics, highlighting the key statistical relationships in the historical survey data.2008-09-15T14:23:27+00:00enThe Bank of Canada's Senior Loan Officer Survey2008-09-15