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3541 Results

May 16, 2013

Unconventional Monetary Policies: Evolving Practices, Their Effects and Potential Costs

Following the recent financial crisis, major central banks have introduced several types of unconventional monetary policy measures, including liquidity and credit facilities, asset purchases and forward guidance. To date, these measures appear to have been successful. They restored market functioning, facilitated the transmission of monetary policy and supported economic activity. They have potential costs, however, including challenges related to the greatly expanded balance sheets of central banks and the eventual exit from these measures, as well as the vulnerabilities that can arise from prolonged monetary accommodation.
Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E5, E52, E58, E6, E65
April 16, 2014

Monetary Policy Report - Press Conference (Video) - April 2014

Release of the Monetary Policy Report - (Videocast) Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Tiff Macklem.

July 20, 2011

Monetary Policy Report - Press Conference (Video) - July 2011

Release of the Monetary Policy Report - Webcast of a press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

January 19, 2011

Monetary Policy Report (Audio) - Press Conference - January 2011

Release of the Monetary Policy Report - Webcast of a press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

October 24, 2012

Monetary Policy Report - Press Conference (Audio) - October 2012

Release of the Monetary Policy Report - (Audiocast) Press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

October 24, 2012

Monetary Policy Report - Press Conference (Video) - October 2012

Release of the Monetary Policy Report - (Videocast) Press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

July 18, 2012

Monetary Policy Report - Press Conference (Video) - July 2012

Release of the Monetary Policy Report - (Videocast) Press conference by Governor Mark Carney and Senior Deputy Governor Tiff Macklem.

Cross-Border Bank Flows and Monetary Policy: Implications for Canada

Using the Bank for International Settlements (BIS) Locational Banking Statistics data on bilateral bank claims from 1995 to 2014, we analyze the impact of monetary policy on cross-border bank flows. We find that monetary policy in a source country is an important determinant of cross-border bank flows.
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