August 31, 2014 Research Update - August 2014 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
Consumer Cash Withdrawal Behaviour: Branch Networks and Online Financial Innovation Staff working paper 2021-28 Heng Chen, Matthew Strathearn, Marcel Voia The physical network of bank branches is important in how consumers manage their cash holdings. This paper estimates how consumer withdrawal behaviour responds to the distance they must travel to their branch. Content Type(s): Staff research, Staff working papers JEL Code(s): G, G2, G21, R, R2, R22 Research Theme(s): Money and payments, Cash and bank notes, Digital assets and fintech
Immigration and Provision of Public Goods: Evidence at the Local Level in the U.S. Staff working paper 2023-57 Anna Maria Mayda, Mine Z. Senses, Walter Steingress Using U.S. county-level data from 1990 to 2010, we study the causal impact of immigration on the provision of local public goods. We uncover substantial heterogeneity across immigrants with different skills and immigrants of different generations, which leads to unequal fiscal effects across U.S. counties. Content Type(s): Staff research, Staff working papers JEL Code(s): F, F2, F22, H, H4, H41, H7, J, J6, J61, J68, R, R5 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
July 14, 2021 Monetary Policy Report – July 2021 As the economy reopens after the third wave of COVID-19, growth should rebound strongly. The Bank is forecasting growth of about 6 percent this year, slowing to about 4 ½ percent in 2022 and 3 ¼ percent in 2023. Content Type(s): Publications, Monetary Policy Report
Bank Screening Heterogeneity Staff working paper 2016-56 Thibaut Duprey Production efficiency and financial stability do not necessarily go hand in hand. With heterogeneity in banks’ abilities to screen borrowers, the market for loans becomes segmented and a self-competition mechanism arises. When heterogeneity increases, the intensive and extensive margins have opposite effects. Content Type(s): Staff research, Staff working papers JEL Code(s): G, G1, G14, G2, G21, L, L1, L13 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Household and business credit
November 5, 2018 Making Sense of Markets Remarks Stephen S. Poloz Canada–UK Chamber of Commerce London, United Kingdom Governor Poloz discusses how the Bank uses financial market information in its monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial markets, Monetary policy, Economy/Economic growth, Inflation
The Framework for Risk Identification and Assessment Technical report No. 113 Cameron MacDonald, Virginie Traclet Risk assessment models are an important component of the Bank’s analytical tool kit for assessing the resilience of the financial system. We describe the Framework for Risk Identification and Assessment (FRIDA), a suite of models developed at the Bank of Canada to quantify the impact of financial stability risks to the broader economy and a range of financial system participants (households, businesses and banks). Content Type(s): Staff research, Technical reports JEL Code(s): C, C3, C5, C6, C7, D, D1, E, E0, E00, E2, E27, E3, E37, E4, E47, G, G0, G2, G21 Research Theme(s): Financial system, Financial institutions and intermediation, Financial stability and systemic risk, Models and tools, Economic models
December 3, 2015 The Bank of Canada’s risk-management standards for designated FMIs The Bank of Canada’s risk-management standards and their application to different types of designated financial market infrastructures (FMIs).
January 22, 2009 Monetary Policy Report Update – January 2009 The outlook for the global economy has deteriorated significantly since the October Monetary Policy Report. The financial crisis intensified last autumn and spilled over into an already weak global economy, which, in turn, put further strains on the financial system. Erratum: In Table 1 Interest Rates, the column "Estimated variable mortgage rate" should read 5.65 per cent for 4 December 2007 not 5.25. Content Type(s): Publications, Monetary Policy Report
December 31, 2001 Summary of Government of Canada - Outstanding as at 31 December 2001 Content Type(s): Publications, Historical: Securities and loans