January 31, 2021
Posts
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Eggs in One Basket: Security and Convenience of Digital Currencies
Digital currencies store balances in anonymous electronic addresses. This paper analyzes the trade-offs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks. -
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(Optimal) Monetary Policy with and without Debt
How should policy be designed at high debt levels, when fiscal authorities have little room to adjust taxes? Assigning the monetary authority a role in achieving debt sustainability makes it less effective in stabilizing inflation and output. -
January 26, 2021
CFEC Releases Results of October 2020 Foreign Exchange Volume Survey
The Canadian Foreign Exchange Committee (CFEC) released today the results of its October 2020 semi-annual survey of foreign exchange volumes in Canada. -
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January 25, 2021
Operational details for upcoming secondary market purchases of Government of Canada securities (February 1-12)
As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). -
January 22, 2021
Bank of Canada announces changes to securities repo operations
In line with its objectives to support core funding markets and to foster the well-functioning of the Government of Canada securities market, the Bank of Canada is announcing changes to securities repo operations (SROs). -
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