Posts

• August 6, 2010

  Official International Reserves

  Access the weekly Reserves data on the first business day following the 8^th, 15^th and 23^rd day of each month. The monthly Reserves data will be posted on the Department of Finance website on the third business day following month-end.
• August 6, 2010

  Foreign exchange intervention

  Updated if and when the Bank intervenes in foreign exchange markets.
• August 6, 2010

  Terms of Use and Disclaimers

  This website is provided by the Bank of Canada as a service to its users. Users are defined for the purposes of this statement as “You”. Your access to, and use of, this website constitutes your agreement to accept these Terms of Use and Disclaimers.

• Identifying Asymmetric Comovements of International Stock Market Returns

  Staff Working Paper 2010-21 Fuchun Li

  Based on a new approach for measuring the comovements between stock market returns, we provide a nonparametric test for asymmetric comovements in the sense that stock market downturns will lead to stronger comovements than market upturns.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Financial stability, Financial system regulation and policies, International topics JEL Code(s): C, C4, C49, F, F2, F21, G, G1, G15, G19
• August 4, 2010

  Governor's Award

  Annual research grants for a term of up to two years.
• August 4, 2010

  Fellowship Award

  Annual research grants and expense allowances for a term of up to five years.

• Asset-Liability Management: An Overview

  Staff Discussion Paper 2010-10 Yuliya Romanyuk

  Relevant literature on asset-liability management (ALM) is reviewed and different ALM approaches are discussed that may be of interest to the Bank of Canada for the purpose of modelling the Exchange Fund Account (EFA).

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Foreign reserves management JEL Code(s): G, G1, G11

• Inventories in ToTEM

  Staff Discussion Paper 2010-9 Oleksiy Kryvtsov, Yang Zhang

  ToTEM – the Bank of Canada’s principal projection and policy-analysis model for the Canadian economy – is extended to include inventories. In the model, firms accumulate inventories of finished goods for their role in facilitating the demand for goods.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Business fluctuations and cycles, Economic models JEL Code(s): E, E3, E31, E32

• Inventories, Stockouts, and ToTEM

  Staff Discussion Paper 2010-8 Oleksiy Kryvtsov, Yang Zhang

  Inventory investment is an important component of the Canadian business cycle. Despite its small average size – less than 1 per cent of output – it exhibits volatile procyclical fluctuations, accounting for almost one-third of output variance.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Business fluctuations and cycles, Monetary policy transmission JEL Code(s): E, E3, E31, E32

• An Assessment of the Bank of Canada's Term PRA Facility

  Staff Working Paper 2010-20 Emanuella Enenajor, Alex Sebastian, Jonathan Witmer

  This paper empirically assesses the effectiveness of the Bank of Canada's term Purchase and Resale Agreement (PRA) facility in reducing short-term bank funding pressures, as measured by the CDOR-OIS spread.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, Financial stability JEL Code(s): E, E5, E58, G, G1, G12, G18