December 13, 2007 Central Bank Performance under Inflation Targeting Bank of Canada Review - Winter 2007-2008 Marc-André Gosselin Gosselin examines and reports on the various factors that contribute to successful inflation targeting. Using a panel of 21 inflation-targeting countries over the period 1990Q1-2007Q2, Gosselin finds that the ability of central banks to hit their targets varies considerably. Some of these differences can be explained by exchange rate fluctuations, fiscal deficits, and differences in financial development. Others are explained by differences in the targeting framework itself and the manner in which it is implemented. Content Type(s): Publications, Bank of Canada Review articles
Security and convenience of a central bank digital currency Staff analytical note 2020-21 Charles M. Kahn, Francisco Rivadeneyra An anonymous token-based central bank digital currency (CBDC) would pose certain security risks to users. These risks arise from how balances are aggregated, from their transactional use and from the competition between suppliers of aggregation solutions. Content Type(s): Staff research, Staff analytical notes JEL Code(s): E, E4, E42, G, G2, G21 Research Theme(s): Financial system, Financial system regulation and oversight, Money and payments, Digital assets and fintech, Payment and financial market infrastructures
Flight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation Staff working paper 2019-29 H. Evren Damar, Reint Gropp, Adi Mordel Deposit insurance protects depositors from failing banks, thus making insured deposits risk-free. When a deposit insurance limit is increased, some deposits that previously were uninsured become insured, thereby increasing the share of risk-free assets in households’ portfolios. This increase cannot simply be undone by households, because to invest in uninsured deposits, a household must first invest in insured deposits up to the limit. This basic insight is the starting point of the analysis in this paper. Content Type(s): Staff research, Staff working papers JEL Code(s): D, D1, D14, G, G2, G21, G28, L, L5, L51 Research Theme(s): Financial system, Financial system regulation and oversight, Household and business credit
June 27, 2018 Let Me Be Clear: From Transparency to Trust and Understanding Remarks Stephen S. Poloz Greater Victoria Chamber of Commerce Victoria, British Columbia Governor Poloz talks about how the Bank is improving communications with the public and helping financial markets understand its monetary policy approach. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation targeting framework
April 26, 2001 Turnaround Time for Government of Canada Securities auctions to be Reduced to 15 Minutes The targeted turnaround time for publication of the results for Government of Canada securities auctions will be reduced to 15 minutes from 30 minutes starting 22 May 2001. The reduction in the turnaround time is the result of process and efficiency improvements. Content Type(s): Press, Market notices
April 4, 2016 A Bank NOTE-able Canadian Woman: Advisory Council members and Expert Panel members Find out who our Advisory Council and Expert Panel members are, and who they selected for the short list.
October 28, 2005 Debt Strategy 2006/07 Consultation Document The Department of Finance, in conjunction with the Bank of Canada, is seeking views of government securities distributors, institutional investors, and other interested parties on adjustments to the Government of Canada bond program for fiscal year 2006/07 and beyond.
November 23, 2011 Renewing Canada’s Monetary Policy Framework Remarks Mark Carney Board of Trade of Metropolitan Montreal Montréal, Quebec Governor Mark Carney discusses the key elements of Canada’s inflation-targeting regime. Content Type(s): Press, Speeches and appearances, Remarks
June 1, 2010 Bank of Canada increases overnight rate target to 1/2 per cent and re-establishes normal functioning of the overnight market Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. Content Type(s): Press, Press releases
December 5, 2019 Economic Progress Report: Charting Our Own Course Remarks Timothy Lane Ottawa Board of Trade Ottawa, Ontario Deputy Governor Timothy Lane talks about the different monetary policy paths taken by Canada and the United States over the last decade and reviews the Bank of Canada’s latest interest rate decision. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework