E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:28:41+00:00Structural Reforms and Economic Growth in Emerging-Market Economies
https://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-bailliu.pdf
Growth has slowed in many emerging-market economies (EMEs) since the 2007–09 global financial crisis, reflecting both cyclical and structural factors. In this context, it will be in-creasingly important for EMEs to raise potential growth by maintaining steady progress on structural reforms. How do structural reforms generally support growth? What are the re-form priorities for EMEs over recent history and today? Finally, what will be the impact of planned structural reforms on potential output growth among the world’s larger EMEs? These are some of the questions considered by the authors.2016-11-17T12:22:46+00:00enStructural Reforms and Economic Growth in Emerging-Market Economies2016-11-17Reinventing the Role of Central Banks in Financial Stability
https://www.bankofcanada.ca/wp-content/uploads/2016/11/boc-review-autumn16-lombardi.pdf
Central banks contribute importantly to the promotion of financial stability given their sys-tem-wide macro-financial perspective and existing roles as lender of last resort and overseer of systemic payment systems. Since the global financial crisis, the financial system role of central banks has expanded to place more emphasis on the prevention of financial stress and crises. Central banks work with other responsible authorities to enhance financial system resilience and to assess and mitigate financial vulnerabilities and systemic risk.2016-11-17T10:32:50+00:00enReinventing the Role of Central Banks in Financial Stability2016-11-17A New Era of Central Banking: Unconventional Monetary Policies
https://www.bankofcanada.ca/wp-content/uploads/2016/05/boc-review-spring16-santor.pdf
Central banks can implement unconventional monetary policy measures to provide additional easing when policy interest rates come close to their lower limit. To date, the international experience with tools such as quantitative easing and negative interest rates has been largely positive. Central banks may also use several such measures simultaneously, with often mutually reinforcing effects. Yet, unconventional tools are also subject to potential limits, and the costs associated with these measures could rise with extensive and prolonged use.2016-05-16T08:43:11+00:00enA New Era of Central Banking: Unconventional Monetary Policies2016-05-16