May 4, 2020 Bridge to Recovery: The Bank’s COVID-19 Pandemic Response Remarks (delivered virtually) Carolyn A. Wilkins C.D. Howe Institute Toronto, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses measures the Bank has taken to address the COVID-19 pandemic and set the stage for recovery. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Financial stability, Monetary policy, Economy/Economic growth
PayTech and the D(ata) N(etwork) A(ctivities) of BigTech Platforms Staff working paper 2022-35 Jonathan Chiu, Thorsten Koeppl Why do BigTech platforms introduce payment services? We explore this using a model in which a monopoly platform faces a trade-off between the costs associated with privacy concerns and the revenue from data services. We then analyze the feedback effects between data and payments. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D8, E, E4, E42, L, L1 Research Theme(s): Financial markets and funds management, Market functioning, Money and payments, Digital assets and fintech, Payment and financial market infrastructures, Retail payments
Understanding the Systemic Implications of Climate Transition Risk: Applying a Framework Using Canadian Financial System Data Staff discussion paper 2023-32 Gabriel Bruneau, Javier Ojea Ferreiro, Andrew Plummer, Marie-Christine Tremblay, Aidan Witts Our study aims to gain insight on financial stability and climate transition risk. We develop a methodological framework that captures the direct effects of a stressful climate transition shock as well as the indirect—or systemic—implications of these direct effects. We apply this framework using data from the Canadian financial system. Content Type(s): Staff research, Staff discussion papers JEL Code(s): C, C6, C63, G, G0, G01, G1, G10, G2, G20, Q, Q5, Q54 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Economic models, Structural challenges, Climate change
April 30, 2002 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce To counter that uncertainty and bolster consumer and business confidence, the Bank of Canada moved aggressively to provide monetary stimulus. Between last September and January 2002, we lowered interest rates by 200 basis points, bringing the total reduction since January 2001 to 375 basis points. Content Type(s): Press, Speeches and appearances, Opening statements
December 30, 2016 Research Update - December 2016 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
June 21, 2007 Global Integration, Monetary Policy, and the International Monetary System Remarks Tiff Macklem Winnipeg CFA Society Winnipeg, Manitoba Now, Manitoba – right in the middle of our vast country – might seem an odd place to talk about globalization. But this province, like the rest of Canada, is very much affected by global economic forces. Content Type(s): Press, Speeches and appearances, Remarks
Understanding DeFi Through the Lens of a Production-Network Model Staff working paper 2023-42 Jonathan Chiu, Thorsten Koeppl, Hanna Yu, Shengxing Zhang We develop a production-network model to capture how decentralized finance (DeFi) has evolved across different sectors of financial services. The model allows us to measure the value added by different DeFi sectors and to study how the connections across the sectors influence token prices. Content Type(s): Staff research, Staff working papers JEL Code(s): G, G2 Research Theme(s): Models and tools, Economic models, Money and payments, Digital assets and fintech
March 29, 2006 Global Imbalances: Why Worry? What to Do? Remarks David Dodge New York Association for Business Economics New York, New York These imbalances reflect the financial flows associated with mismatches in savings and investment on a global scale. Since the late 1990s, many economies outside the United States have increased their net national savings. Content Type(s): Press, Speeches and appearances, Remarks
March 30, 2006 The Evolving International Monetary Order and the Need for an Evolving IMF Lecture David Dodge Woodrow Wilson School of Public and International Affairs Princeton, New Jersey The world needs an international institution to promote a new monetary order—a well-functioning, market-based global financial system. This will be the subject of my remarks today. Content Type(s): Press, Speeches and appearances, Lectures
December 23, 2004 Monetary Policy, Private Information, and International Stock Markets Financial System Review - December 2004 Gregory Bauer, Clara Vega Content Type(s): Publications, Financial System Review articles