Uncategorized

• November 1, 1999

  Money, Monetary Policy, and Transmission Mechanisms

  Proceedings of a conference held by the Bank of Canada, November 1999 (proceedings volume, available in electronic format only)

  Content Type(s): Conferences and workshops

• The Regulation of Central Securities Depositories and the Linkages between CSDs and Large-Value Payment Systems

  Technical Report No. 87 Charles Freedman

  This paper first describes the Bank of Canada's approach to the design of large-value clearing and settlement systems. It then examines the way the Bank has operated under the Payment Clearing and Settlement Act, passed by Parliament in July 1996.

  Content Type(s): Staff research, Technical reports Research Topic(s): Payment clearing and settlement systems JEL Code(s): G, G2, G20
• September 23, 1999

  Canada's economy as the year 2000 approaches

  Remarks Gordon Thiessen the Chamber of Commerce Regina, Saskatchewan

  It is always a pleasure to return and speak to people in my home province. This time, we are here for a meeting of the Bank of Canada's Board of Directors. Once a year, our Board meets outside Ottawa, in a different part of the country. This year, we are delighted to be in Regina.

  Content Type(s): Press, Speeches and appearances, Remarks

• Greater Transparency in Monetary Policy: Impact on Financial Markets

  Technical Report No. 86 Philippe Muller, Mark Zelmer

  Measures have been taken by the Bank of Canada to increase the transparency of Canadian monetary policy. This paper examines whether the greater transparency has improved financial markets' understanding of the conduct of monetary policy.

  Content Type(s): Staff research, Technical reports Research Topic(s): Financial markets, Monetary policy implementation JEL Code(s): E, E5, E52, E58, G, G1, G14

• Why Canada Needs a Flexible Exchange Rate

  Staff Working Paper 1999-12 John Murray

  This paper explores the arguments for and against a common currency for Canada and the United States and attempts to determine whether such an arrangement would offer any significant advantages for Canada compared with the present flexible exchange rate system. The paper first reviews the theoretical arguments advanced in the economics literature in support of fixed and flexible currency arrangements. A discussion of Canada's past experience with the two exchange rate systems follows, after which there is a survey of the empirical evidence published on Canada's current and prospective suitability for some form of fixed currency arrangement with the United States. The final section of the paper examines critically a number of concerns raised about the behaviour of the current flexible exchange rate system.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rates JEL Code(s): F, F3, F31
• June 2, 1999

  Canadian economic performance at the end of the twentieth century

  Remarks Gordon Thiessen the Canada Club London, United Kingdom

  As the curtain comes down on the twentieth century and we move on to the next millennium, it is difficult to resist the temptation to be both retrospective and prospective.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 27, 1999

  Bank of Canada Announces Appointment of Senior Deputy Governor

  Media Relations

  The Board of Directors of the Bank of Canada announced today that, pursuant to Section 6 of the Bank of Canada Act, Malcolm Knight has been appointed Senior Deputy Governor of the Bank for a seven-year term, effective 5 July 1999.

  Content Type(s): Press, Press releases
• May 26, 1999

  Opening Statement before the Standing Committee on Finance of the House of Commons

  Opening statement Gordon Thiessen Standing Committee on Finance of the House of Commons

  It is always a pleasure to appear before your Committee following the publication of our Monetary Policy Report. We released our ninth Report last Wednesday. The Bank of Canada began publishing these Reports on a semi-annual basis four years ago, as part of our effort to increase the transparency and accountability of the Bank's conduct of monetary policy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 19, 1999

  Monetary Policy Report – May 1999

  Six months ago, at the time of the last Monetary Policy Report, the global economic and financial environment was volatile and highly uncertain because of the adverse situation in Asia and the fallout from the Russian debt moratorium.

  Content Type(s): Publications, Monetary Policy Report
• May 19, 1999

  Release of the Monetary Policy Report

  Opening statement Gordon Thiessen

  This morning we released our ninth Monetary Policy Report. The economic and financial situation is much improved since our previous Report in November. Financial markets have steadied in Southeast Asia, and prospects are good for a gradual recovery there. In Brazil, the authorities have taken major steps to address their difficulties. Overall, global financial markets […]

  Content Type(s): Press, Speeches and appearances, Opening statements