Posts
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January 9, 2012
Business Outlook Survey - Winter 2011-12
Responses to the winter survey suggest that the global economic outlook and concerns about demand continue to weigh on firms’ expectations for business activity. -
January 9, 2012
Senior Loan Officer Survey - Fourth-Quarter 2011
The survey results indicate almost no change in overall business-lending conditions during the fourth quarter of 2011. This follows several consecutive quarters of easing credit conditions for business borrowers. -
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A Model of the EFA Liabilities
The authors describe the liabilities model of the Exchange Fund Account (EFA). The EFA is managed using an asset-liability matching framework that requires currency and duration matching of both sides of the balance sheet. -
Bank Leverage Regulation and Macroeconomic Dynamics
This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with monetary policy. -
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. -
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.