Emanuella Enenajor

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An Assessment of the Bank of Canada's Term PRA Facility

Staff Working Paper 2010-20 Emanuella Enenajor, Alex Sebastian, Jonathan Witmer
This paper empirically assesses the effectiveness of the Bank of Canada's term Purchase and Resale Agreement (PRA) facility in reducing short-term bank funding pressures, as measured by the CDOR-OIS spread.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial markets, Financial stability JEL Code(s): E, E5, E58, G, G1, G12, G18

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