Posts
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What Drives Interbank Loans? Evidence from Canada
We identify the drivers of unsecured and collateralized loan volumes, rates and haircuts in Canada using the Bayesian model averaging approach to deal with model uncertainty. Our results suggest that the key friction driving behaviour in this market is the collateral reallocation cost faced by borrowers. -
January 31, 2018
Research Update - January 2018
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
January 26, 2018
Bloomberg TV
Stephen S. Poloz, Governor of the Bank of Canada
Interview during the World Economic Forum Annual Meeting in Davos, Switzerland -
January 26, 2018
Bank of Canada Media Interview – Bloomberg TV
Stephen S. Poloz, Governor of the Bank of Canada, will give an interview to Bloomberg TV’s Stephanie Flanders at approximately 9:40 (Central European Time), 3:40 (Eastern Time). Please check local listings for channel information or watch live online at https://www.bloomberg.com/live. -
January 25, 2018
CNBC
Stephen S. Poloz, Governor of the Bank of Canada
Interview with Karen Tso to discuss digital currencies during the World Economic Forum Annual Meeting in Davos, Switzerland -
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A Calibrated Model of Intraday Settlement
This paper estimates potential exposures, netting benefits and settlement gains by merging retail and wholesale payments into batches and conducting multiple intraday settlements in this hypothetical model of a single "calibrated payments system." The results demonstrate that credit risk exposures faced by participants in the system are largely dependent on their relative activity in the retail and wholesale payments systems. -
January 25, 2018
Bank of Canada Media Interview – CNBC
Stephen S. Poloz, Governor of the Bank of Canada, will participate in an onstage interview with CNBC’s Karen Tso during the World Economic Forum Annual Meeting in Davos, Switzerland. The interview will be livestreamed in its entirety at www.cnbc.com/the-sanctuary/ beginning at 12:00 (Central European Time), 6:00 (Eastern Time) and parts of it will be shown live on CNBC Europe, CNBC Asia and CNBC World (US). -
Non-linéarité de la courbe de Phillips : un survol de la littérature
The paper reviews evidence from the economic literature on the nature of the relationship between excess capacity and inflation, better known as the Phillips curve. In particular, we examine the linearity of this relationship. This is an important issue in the current economic context in which advanced economies are approaching or exceed their potential output.