December 22, 2011
Results of the 22 December 2011 Term Repo Operation for Balance Sheet Management Purposes
Results of today's term repo for balance sheet management purposes operation.
Posts
-
-
December 21, 2011
Bank of Canada Announces Details of its Term Repo for Balance Sheet Management Purposes Operation
The Bank of Canada announced today that it will conduct a Term Repo Operation for Balance Sheet Management Purposes operation. -
Do Low Interest Rates Sow the Seeds of Financial Crises?
A view advanced in the aftermath of the late-2000s financial crisis is that lower than optimal interest rates lead to excessive risk taking by financial intermediaries. -
December 16, 2011
Bank of Canada Announces Appointment of Special Adviser
The Bank of Canada today announced the appointment of Evan W. Siddall as Special Adviser to the Governor. -
Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery
We study the trading dynamics in an asset market where the quality of assets is private information of the owner and finding a counterparty takes time. When trading of a financial asset ceases in equilibrium as a response to an adverse shock to asset quality, a large player can resurrect the market by buying up lemons which involves assuming financial losses. -
Financial Frictions, Financial Shocks and Labour Market Fluctuations in Canada
What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates the model of Zhang (2011) – a standard monetary dynamic stochastic general-equilibrium model augmented with explicit financial and labour market frictions – with Canadian data for the period 1984Q2–2010Q4, and uses it to examine the importance of financial shocks on labour market fluctuations in Canada. -
December 12, 2011
Growth in the Age of Deleveraging
Governor Mark Carney discusses the factors driving global deleveraging and the implications for economic growth in Canada. -
December 12, 2011
Prolonged Period of Deleveraging Ahead, Says Bank of Canada Governor Mark Carney
The world’s advanced economies are entering a prolonged period of deleveraging after several decades of accumulating debt, Bank of Canada Governor Mark Carney said today. “The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic.” “In general, […] -
-
December 8, 2011
Financial System Review - December 2011
In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that the risks to the stability of Canada’s financial system are high and have increased markedly over the past six months, owing primarily to an escalation of the sovereign debt crisis in the euro area and a weaker global economic outlook.
Erratum: The data for Chart 7 on page 8 were plotted incorrectly. See revised chart.