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577 Results

The Macroeconomic Effects of Portfolio Equity Inflows

Staff working paper 2023-31 Nick Sander
I provide evidence that portfolio equity inflows can have expansionary effects on GDP and inflation if not offset by monetary policy. I use a shift-share instrument to estimate equity inflows based on plausibly exogenous timing of inflows into mutual funds with heterogeneous country portfolios.
June 22, 2011

Financial System Review - June 2011

Financial System Review - June 2011
In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that, although the Canadian finan­cial system is currently on a sound footing, risks to its stability remain elevated and have edged higher since December 2010.

Implementing Cross-Border Interbank Lending in BoC-GEM-FIN

Staff discussion paper 2016-19 Malik Shukayev, Argyn Toktamyssov
BIS interbank lending data show that the Great Recession generated large and persistent changes in the international interbank lending positions of various countries. The main objective of this study is to understand the role of changes in international interbank credit flows in transmitting shocks across borders.
September 10, 2010

Restoring Faith in the International Monetary System

Remarks Mark Carney Spruce Meadows Changing Fortunes Round Table Calgary, Alberta
We are three years into the global financial crisis, and its dynamics still dominate the economic outlook. In particular, broad forces of bank, household, and sovereign deleveraging can be expected to add to the variability and temper the pace of global economic growth in the years ahead.
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