E58 - Central Banks and Their Policies - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T17:29:13+00:00Furor over the Fed : Presidential Tweets and Central Bank Independence
https://www.bankofcanada.ca/2019/12/staff-analytical-note-2019-33/
We illustrate how market data can be informative about the interactions between monetary and fiscal policy. Federal funds futures are private contracts that reflect investor’s expectations about monetary policy decisions.2019-12-18T12:14:31+00:00enFuror over the Fed : Presidential Tweets and Central Bank Independence2019-12-18An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms
https://www.bankofcanada.ca/2019/07/staff-working-paper-2019-26/
Liquidity demands in real-time gross settlement payment systems can be enormous. To reduce the liquidity requirement, central banks around the world have implemented liquidity savings mechanisms (LSMs).2019-07-29T16:51:09+00:00enAn Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms2019-07-29Payment clearing and settlement systemsStaff Working Paper 2019-26https://www.bankofcanada.ca/wp-content/uploads/2019/07/swp2019-26.pdfAn Application of Shapley Value Cost Allocation to Liquidity Savings MechanismsRodney J. GarrattJuly 2019CC7C72EE5E58Explaining Unusual Cash Patterns in 2018
https://www.bankofcanada.ca/2019/07/staff-analytical-note-2019-22/
There was an unusually large decline of bank notes in circulation in October 2018. Some have argued that this was due to the legalization of cannabis in Canada in mid-October.2019-07-29T11:35:47+00:00enExplaining Unusual Cash Patterns in 20182019-07-29The Effects of Inflation Targeting for Financial Development
https://www.bankofcanada.ca/2019/07/staff-analytical-note-2019-21/
The adoption of inflation targeting (IT) by central banks leads to an increase of 10 to 20 percent in measures of financial development, with a lag. We also find evidence that the financial sector benefits of IT adoption were higher for early-adopting central banks.2019-07-11T11:06:44+00:00enThe Effects of Inflation Targeting for Financial Development2019-07-11Bank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment
https://www.bankofcanada.ca/2019/05/staff-working-paper-2019-20/
We show that issuing a deposit-like central bank digital currency (CBDC) with a proper interest rate would encourage banks to pay higher interest to keep their customers. Banks would then attract more deposits and offer more loans. Hence, a CBDC would not necessarily crowd out private banking.2019-05-30T12:58:57+00:00enBank Market Power and Central Bank Digital Currency: Theory and Quantitative Assessment2019-05-30Digital currencies and fintechMarket structure and pricingMonetary policyMonetary policy frameworkStaff Working Paper 2019-20https://www.bankofcanada.ca/wp-content/uploads/2019/05/swp2019-20.pdfCentral Bank Digital Currency and BankingJonathan ChiuMohammad DavoodalhosseiniJanet Hua JiangYu ZhuMay 2019EE5E50E58The Neutral Rate in Canada: 2019 Update
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-11/
This note provides an update on Bank of Canada staff’s assessment of the Canadian neutral rate. The neutral rate is the policy rate needed to keep output at its potential level and inflation at target once the effects of any cyclical shocks have dissipated. This medium- to long-run concept serves as a benchmark for gauging the degree of monetary stimulus provided by a given policy setting.2019-04-17T11:12:06+00:00enThe Neutral Rate in Canada: 2019 Update2019-04-17Crypto ‘Money’: Perspective of a Couple of Canadian Central Bankers
https://www.bankofcanada.ca/2019/02/staff-discussion-paper-2019-1/
The market for cryptoassets has exploded in size in the 10 years since bitcoin was launched. The technology underlying cryptoassets, blockchain, has also been held up as a technology that promises to transform entire industries.2019-02-06T15:55:52+00:00enCrypto ‘Money’: Perspective of a Couple of Canadian Central Bankers2019-02-06Bank notesDigital currencies and fintechFinancial servicesPayment clearing and settlement systemsStaff Discussion Paper 2019-1https://www.bankofcanada.ca/wp-content/uploads/2019/02/sdp2019-1.pdfCrypto ‘Money’: Perspective of a Couple of Canadian Central BankersJames ChapmanCarolyn A. WilkinsFebruary 2019EE4E41E42E5E51E58HH4PP4P43