Uncategorized

• November 20, 2018

  Bank to review the monetary policy framework ahead of 2021 renewal, says Senior Deputy Governor Wilkins

  Media Relations Montréal, Quebec

  The Bank of Canada will assess a broad range of monetary policy frameworks ahead of the renewal in 2021 of the inflation-control agreement, a joint agreement between the federal government and the Bank that is renewed every five years, Senior Deputy Governor Carolyn A. Wilkins said today at McGill University’s Max Bell School of Public […]

  Content Type(s): Press, Press releases
• November 20, 2018

  Choosing the Best Monetary Policy Framework for Canada

  Remarks Carolyn A. Wilkins McGill University Max Bell School of Public Policy Montréal, Quebec

  Senior Deputy Governor Carolyn A. Wilkins discusses public policy issues around monetary policy frameworks and how those issues have become more complex in the post-global financial crisis world.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Central bank research, Fiscal policy, Inflation and prices, Inflation targets, Interest rates, Monetary policy framework
• November 19, 2018

  New vertical $10 bank note featuring iconic Canadian Viola Desmond now in circulation

  Media Relations Winnipeg, Manitoba

  The Bank of Canada today issued the new vertical $10 bank note featuring the portrait of social justice icon Viola Desmond, during a ceremony at the Canadian Museum for Human Rights (CMHR) in Winnipeg.

  Content Type(s): Press, Press releases Research Topic(s): Bank notes
• November 19, 2018

  Launch of New $10 Note

  Remarks Stephen S. Poloz Winnipeg, Manitoba

  Governor Poloz speaks at the launch of Canada’s new vertical $10 note.

  Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Bank notes
• November 19, 2018

  CARR Meeting (November 19, 2018)

  Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group

• Macroprudential FX Regulations: Shifting the Snowbanks of FX Vulnerability?

  Staff Working Paper 2018-55 Toni Ahnert, Kristin Forbes, Christian Friedrich, Dennis Reinhardt

  Can macroprudential foreign exchange (FX) regulations on banks reduce the financial and macroeconomic vulnerabilities created by borrowing in foreign currency? To evaluate the effectiveness and unintended consequences of macroprudential FX regulations, we develop a parsimonious model of bank and market lending in domestic and foreign currency and derive four predictions.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rates, Financial institutions, Financial system regulation and policies, International financial markets JEL Code(s): F, F3, F32, F34, G, G1, G15, G2, G21, G28
• November 15, 2018

  The Bank of Canada, Bank of England and Monetary Authority of Singapore share assessment on emerging opportunities for digital transformation in cross-border payments

  This joint press release describes a preliminary report on the findings of the fourth phase of the Project Jasper research initiative.

  Content Type(s): Press, Press releases Research Topic(s): Digital currencies and fintech
• November 14, 2018

  Bank of Canada launches digital hub for promoting a stable and efficient financial system

  Media Relations Ottawa, Ontario

  Today the Bank of Canada launched the Financial System Hub, a dedicated space on the Bank’s website for timely analysis and research on financial stability issues.

  Content Type(s): Press, Press releases

• Modelling the Macrofinancial Effects of a House Price Correction in Canada

  Staff Analytical Note 2018-36 Thibaut Duprey, Xuezhi Liu, Cameron MacDonald, Maarten van Oordt, Sofia Priazhkina, Xiangjin Shen, Joshua Slive

  We use a suite of risk-assessment models to examine the possible impact of a hypothetical house price correction, centred in the Toronto and Vancouver areas. We also assume financial stress significantly amplifies the macroeconomic impact of the house price decline.

  Content Type(s): Staff research, Staff analytical notes Research Topic(s): Financial institutions, Financial stability, Housing JEL Code(s): E, E2, E27, E3, E37, E4, E44, G, G2, G21
• November 14, 2018

  Financial System Survey Highlights—November 2018

  This article presents the key results from the autumn 2018 Bank of Canada Financial System Survey, conducted between September 24 and October 12, 2018. The survey collects expert opinions from financial system experts on the risks to, and resilience of, the Canadian financial system.

  Content Type(s): Publications, Financial System Survey