May 31, 2017 Research Update - May 2017 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
March 30, 2004 Asia and the Global Economy Remarks Paul Jenkins University of British Columbia Vancouver, British Columbia To state the obvious, Canada is a very open economy, heavily dependent on foreign trade. What goes on in the rest of the world can have a substantial impact on our domestic economy. Content Type(s): Press, Speeches and appearances, Remarks
May 14, 2015 The “Bank” at the Bank of Canada Bank of Canada Review - Spring 2015 Thérèse Couture, Christian Bélisle In this article, we describe the various types of banking services (payments, settlement and safekeeping) that the Bank of Canada provides to different types of clients (the Government of Canada, financial market infrastructures, financial institutions, foreign central banks and the Canada Deposit Insurance Corporation). We also explain the reasons the Bank provides these services and how this role supports its core mandates, in particular financial stability. Finally, we explore the factors driving the growth and evolution in the provision of these banking services. Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E5, E50, G, G2, G20
June 16, 2006 Global Imbalances—Just How Dangerous? Bank of Canada Review - Spring 2006 Bruce Little, Robert Lafrance The combination of rising current account surpluses in Asia and a growing current account deficit in the United States has raised concerns that the resulting imbalances pose a threat to the world economy, especially if they are reversed in a disorderly manner. Some experts believe that normal market forces will resolve these imbalances over time; others argue that policy-makers should facilitate the adjustment with policies that curb domestic demand in deficit countries and stimulate it in surplus countries. Little and Lafrance provide a guide to the major issues and controversies involved in the debate. Content Type(s): Publications, Bank of Canada Review articles
Revisiting the Monetary Sovereignty Rationale for CBDCs Staff discussion paper 2021-17 Skylar Brooks One argument for central bank digital currencies (CBDCs) is that without them, private and foreign digital monies could displace domestic currencies, threatening the central bank’s monetary policy and lender of last resort capabilities. I revisit this monetary sovereignty rationale and offer a wider view—one that considers a broader set of currency functions and captures important cross-country variation. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E4, E41, E42, E5, E52, E58, H, H1, H12, H6, H63 Research Theme(s): Financial system, Financial stability and systemic risk, Monetary policy, Monetary policy framework and transmission, Money and payments, Digital assets and fintech
March 24, 2016 Annual Report 2015 The Annual Report provides an account of the Bank’s management, activities and achievements in 2015; it includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
March 26, 2018 Annual Report 2017 The Annual Report outlines the Bank’s activities and achievements in 2017. It includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report