Kaetlynd McRae - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T13:11:23+00:00Estimating the Appropriate Quantity of Settlement Balances in a Floor System
https://www.bankofcanada.ca/2023/10/staff-discussion-paper-2023-26/
This paper presents two complementary approaches to estimating the appropriate quantity of settlement balances needed to effectively operate monetary policy under a floor system in Canada.2023-10-13T12:36:33+00:00enEstimating the Appropriate Quantity of Settlement Balances in a Floor System2023-10-13Financial institutionsFinancial marketsFinancial system regulation and policiesMonetary policy implementationPayment clearing and settlement systemsStaff Discussion Paper 2023-26https://www.bankofcanada.ca/wp-content/uploads/2023/10/sdp2023-26.pdfEstimating the Appropriate Quantity of Settlement Balances in a Floor SystemNarayan BulusuMatthew McNeelyKaetlynd McRaeJonathan WitmerOctober 2023EE4E41E42E5E52E58GG2G21G28Announcing the Bankers’ Acceptance Purchase Facility: a COVID‑19 event study
https://www.bankofcanada.ca/2020/10/staff-analytical-note-2020-23/
The Bank of Canada launched the Bankers’ Acceptance Purchase Facility (BAPF) to ensure that the bankers’ acceptance (BA) market could continue to function well during the financial crisis induced by the COVID‑19 pandemic. We review the impact that the announcement of this facility had on BA yields in the secondary market. We find that BA yield spreads declined by 15 basis points on the day of the announcement and by up to 70 basis points over a longer period. Using an econometric framework, we quantify the effect of the announcement and confirm early assertions presented in the Bank’s 2020 Financial System Review.2020-10-19T16:00:23+00:00enAnnouncing the Bankers’ Acceptance Purchase Facility: a COVID‑19 event study2020-10-19A Primer on the Canadian Bankers’ Acceptance Market
https://www.bankofcanada.ca/2018/06/staff-discussion-paper-2018-6/
This paper discusses how the bankers’ acceptance (BA) market in Canada is organized and its essential link to the Canadian Dollar Offered Rate (CDOR). Globally, BAs are a niche product used only in a limited number of jurisdictions.2018-06-18T06:00:56+00:00enA Primer on the Canadian Bankers’ Acceptance Market2018-06-18Financial institutionsFinancial marketsFinancial system regulation and policiesMarket structure and pricingStaff Discussion Paper 2018-6https://www.bankofcanada.ca/wp-content/uploads/2018/06/SDP-2018-6.pdfA Primer on the Canadian Bankers’ Acceptance MarketKaetlynd McRaeDanny AugerJune 2018GG1G18G2G21G23An Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-mcrae.pdf
The Bank of Canada made changes to several of the tools that make up its framework for operations and liquidity provision. These changes came about after a comprehensive re-view of the framework and are designed to help the Bank better achieve its objectives of reinforcing the target for the overnight rate and supporting the well-functioning of Cana-dian financial markets under normal market conditions.2017-11-16T11:21:22+00:00enAn Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations2017-11-16