Posts
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                    On the Existence and Fragility of Repo MarketsThis paper presents a model of an over-the-counter bond market in which bond dealers and cash investors arrange repurchase agreements (repos) endogenously.
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                    June 21, 2012Financing the Global TransitionGovernor Mark Carney discusses the central role of an open, resilient financial system to sustained global growth.
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                    June 14, 2012Strengthening Financial Infrastructure: The New Canadian Central CounterpartyDeputy Governor Agathe Côté discusses efforts to strengthen financial infrastructure, specifically the implementation of a central counterparty for repos
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                    Commodities and Monetary Policy: Implications for Inflation and Price Level TargetingWe examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices.