Government of Canada Fixed-Income Market Ecology Staff discussion paper 2018-10 Léanne Berger-Soucy, Corey Garriott, André Usche This discussion paper is the third in the Financial Markets Department’s series on the structure of Canadian financial markets. These papers are called “ecologies” because they study the interactions among market participants, infrastructures, regulations and the terms of the traded contract itself. Content Type(s): Staff research, Staff discussion papers JEL Code(s): G, G1, G10, G2, G20, H, H6, H63 Research Theme(s): Financial markets and funds management, Funds management, Market functioning, Market structure
January 30, 2020 Monetary Policy and Financial Vulnerabilities Remarks Paul Beaudry Université Laval Québec, Québec Deputy Governor Paul Beaudry discusses how financial vulnerabilities present a challenge for monetary policy. Content Type(s): Press, Speeches and appearances, Remarks Subject(s): Financial system, Financial stability, Monetary policy, Economy/Economic growth, Inflation, Inflation targeting framework
June 11, 2009 Collateral Management in the LVTS by Canadian Financial Institutions Bank of Canada Review - Summer 2009 Chris D'Souza This article examines the incentives for banks to hold various assets on their balance sheets for use as collateral when the opportunity cost of doing so can be high. Focusing on the five-year period (2002-07) that preceded the financial crisis, it examines the choices made by financial institutions among the assets that are pledged as collateral in Canada's Large Value Transfer System. This serves as a baseline for collateral-management practices during relatively normal times. The results of this study are important for policy-makers, especially the Bank of Canada, which is concerned both about the efficient functioning of fixed-income markets and about the credit risk it ultimately bears in insuring LVTS settlement. The results suggest that relative market liquidity and market-making capacity are important factors in the choice of securities pledged as collateral in the LVTS. Content Type(s): Publications, Bank of Canada Review articles
June 22, 2011 Emerging from the Shadows: Market-Based Financing in Canada Financial System Review - June 2011 James Chapman, Lawrence L. Schembri, Stéphane Lavoie Content Type(s): Publications, Financial System Review articles
Managing Risk Taking with Interest Rate Policy and Macroprudential Regulations Staff working paper 2016-47 Simona Cociuba, Malik Shukayev, Alexander Ueberfeldt We develop a model in which a financial intermediary’s investment in risky assets—risk taking—is excessive due to limited liability and deposit insurance and characterize the policy tools that implement efficient risk taking. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E44, E5, E52, G, G1, G11, G18 Research Theme(s): Financial system, Financial stability and systemic risk, Financial system regulation and oversight, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation
May 31, 2022 Research Update - May 2022 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
December 21, 2007 Financial System Review - December 2007 The financial system makes an important contribution to the welfare of all Canadians. The ability of households and firms to confidently hold and transfer financial assets is one of the fundamental building blocks of the Canadian economy. Content Type(s): Publications, Financial Stability Report
An Overview of the Indigenous Economy in Canada Staff discussion paper 2023-25 Alex Chernoff, Calista Cheung Several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades. Yet, institutional settings and gaps in infrastructure and financing continue to hinder their economic progress. Recent efforts have helped address some data gaps, and new institutions are helping Indigenous communities to overcome historic barriers to growth. Content Type(s): Staff research, Staff discussion papers JEL Code(s): E, E0, E01, E02, N, N4, N41, N42, O, O4, O43, P, P4, P48 Research Theme(s): Monetary policy, Real economy and forecasting, Structural challenges, Demographics and labour supply
December 10, 2013 The Residential Mortgage Market in Canada: A Primer Financial System Review - December 2013 Allan Crawford, Césaire Meh, Jie Zhou Content Type(s): Publications, Financial System Review articles
December 20, 2017 Chartered banks: Regional distribution of selected liabilities (formerly C6) Quarter-end data on chartered bank liabilities by provinces and territories.