Thomas J. Carter - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:12:49+00:00Optimal Interbank Regulation
https://www.bankofcanada.ca/2017/11/staff-working-paper-2017-48/
Recent years have seen renewed interest in the regulation of interbank markets. A review of the literature in this area identifies two gaps: first, the literature has tended to make ad hoc assumptions about the interbank contract space, which makes it difficult to generate convincing policy prescriptions; second, the literature has tended to focus on ex-post interventions that kick in only after an interbank disruption has come underway (e.g., open-market operations, lender-of-last-resort interventions, bail-outs), rather than ex-ante prudential policies.2017-11-20T10:18:40+00:00enOptimal Interbank Regulation2017-11-20Financial stabilityFinancial system regulation and policiesStaff Working Paper 2017-48https://www.bankofcanada.ca/wp-content/uploads/2017/11/swp2017-48.pdfOptimal Interbank RegulationThomas J. CarterNovember 2017GG0G01G2G20Redistributive Effects of a Change in the Inflation Target
https://www.bankofcanada.ca/2017/10/staff-analytical-note-2017-13/
In light of the financial crisis and its aftermath, several economists have argued that inflation-targeting central banks should reconsider the level of their inflation targets. While the appropriate level for the inflation target remains an open question, it’s important to note that any transition to a new target would entail certain costs.2017-10-06T10:57:27+00:00enRedistributive Effects of a Change in the Inflation Target2017-10-06