Posts

• November 30, 2022

  Accessibility feedback

  We strive to be accessible to everyone, so let us know how we’re doing. Share your feedback with us, and learn about how that feedback will be used.
• November 30, 2022

  2023–25 Accessibility Plan

  At the Bank of Canada, we recognize that accessibility is an ongoing and central element of being an inclusive organization. That’s why the plan we’ve developed to continue improving our accessibility builds on our inclusive mindset and practices.
• November 30, 2022

  Research Update - November 2022

  This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website.

  Content Type(s): Staff research, Research newsletters
• November 29, 2022

  CFIF Meeting (November 29, 2022)

  Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
• November 29, 2022

  Quarterly Financial Report - Third Quarter 2022

  Quarterly Financial Report - Third Quarter 2022 - For the period ended September 30, 2022

  Content Type(s): Publications, Quarterly Financial Report
• November 29, 2022

  Accessibility

  The Bank’s Accessibility Plan shares how we strive to be accessible to everyone. Let us know how we’re doing—share your feedback online, by telephone, by email, or by mail.
• November 28, 2022

  Ukraine Sovereignty Bond

  Access results and find key contacts.

• Regulatory Requirements of Banks and Arbitrage in the Post-Crisis Federal Funds Market

  Staff Working Paper 2022-48 Rodney J. Garratt, Sofia Priazhkina

  This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks, and arbitrage opportunities created by limited access to the facility granting interest on excess reserves.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Central bank research, Economic models, Financial institutions, Financial markets, Financial stability, Financial system regulation and policies, Wholesale funding JEL Code(s): E, E4, E42, E5, E58, G, G2, G28

• Stablecoins and Their Risks to Financial Stability

  Staff Discussion Paper 2022-20 Cameron MacDonald, Laura Zhao

  What risks could stablecoins pose to the financial system? We argue that the stabilization mechanisms of stablecoins give rise to the risk of confidence runs, which can propagate to broader cryptoasset markets and the traditional financial sector. We also argue that stablecoins can contribute to financial stability risks by facilitating the buildup of leverage and liquidity mismatch in decentralized finance. Such risks cannot be addressed by ensuring the price stability of stablecoins alone. Finally, we explore the potential implications of stablecoins for the current system of bank-intermediated credit and for monetary policy.

  Content Type(s): Staff research, Staff discussion papers Research Topic(s): Digital currencies and fintech, Financial institutions, Financial markets, Financial stability, Financial system regulation and policies JEL Code(s): E, E4, E42, E44, E5, E58, G, G2, G23
• November 23, 2022

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement Tiff Macklem House of Commons Standing Committee on Finance Ottawa, Ontario

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