November 17, 2016 Central Bank Models: The Next Generation Workshop held on 17 November 2016 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
March 29, 2010 Beyond Recovery: Sustaining Economic Growth Remarks Paul Jenkins Economic Club of Canada Toronto, Ontario John Maynard Keynes said the objective of "analysis is … to provide ourselves with an organized and orderly method of thinking out particular problems .… This is the nature of economic thinking." Content Type(s): Press, Speeches and appearances, Remarks
June 1, 1994 Summer 1994 Mark Kruger, Robert Lafrance Canada's net external indebtedness increased from $110 billion in 1980 to $313 billion in 1993, reflecting the accumulation of current account deficits over many years. Content Type(s): Publications, Bank of Canada Review articles
March 12, 2009 Financial System Policy Responses to the Crisis Remarks David Longworth Financial Markets Association of Canada Toronto, Ontario With your professional interests in foreign exchange, money markets, capital markets, and derivatives, I'm sure the past year and a half has been exciting and interesting – if those are the right words. We've been living through a period of astonishing financial turbulence, historic marketplace losses, and serious threats to financial stability. Content Type(s): Press, Speeches and appearances, Remarks
Fragility of Resale Markets for Securitized Assets and Policy of Asset Purchases Staff working paper 2016-46 Martin Kuncl Markets for securitized assets were characterized by high liquidity prior to the recent financial crisis and by a sudden market dry-up at the onset of the crisis. A general equilibrium model with heterogeneous investment opportunities and information frictions predicts that, in boom periods or mild recessions, the degree of adverse selection in resale markets for securitized assets is limited because of the reputation-based guarantees by asset originators. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E3, E32, E5, G, G0, G01, G2 Research Theme(s): Financial markets and funds management, Market functioning, Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Models and tools, Economic models
May 4, 1999 Bank of Canada Governor speaks to La Chambre de commerce de la région sherbrookoise Media Relations Sherbrooke, Quebec The Canadian economy has come through the financial volatility and global economic slowdown of the past few years quite well and has started 1999 on a strong note, Bank of Canada Governor Gordon Thiessen told members of La Chambre de Commerce de la région sherbrookoise today. Content Type(s): Press, Press releases
August 28, 2001 Bank of Canada lowers key policy interest rate by 1/4 percentage point to 4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is lowering its target for the overnight rate* by one-quarter of one percentage point to 4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/4 per cent. With today's action, the total reduction in interest rates by the Bank this year amounts to 1 3/4 percentage points. Content Type(s): Press, Press releases
December 12, 2011 Growth in the Age of Deleveraging Remarks Mark Carney Empire Club of Canada / Canadian Club of Toronto Toronto, Ontario Governor Mark Carney discusses the factors driving global deleveraging and the implications for economic growth in Canada. Content Type(s): Press, Speeches and appearances, Remarks
November 16, 2017 Financial system committees The Bank of Canada collaborates with federal, provincial and international authorities as well as industry to achieve its financial system goals.
Redemption Runs in Canadian Corporate Bond Funds? Staff analytical note 2018-21 Rohan Arora Mutual funds employ a host of tools to manage redemption run risk. However, our results suggest that Canadian corporate bond funds may be vulnerable to redemption runs, especially when they are less liquid and when market volatility is high. Content Type(s): Staff research, Staff analytical notes JEL Code(s): G, G0, G01, G2, G23 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk