March 6, 2010 By All Accounts By All Accounts is the fifth and final book in the Bank's souvenir history series. This volume presents a portrait of the Bank from the perspective of outside observers, showing how Canadians have perceived the performance of their central bank over the decades through the eyes of those who monitor its work on the public's behalf. Content Type(s): Publications, Books and monographs, Souvenir books
Monetary Policy Implementation and Payment System Modernization Staff working paper 2020-26 Jonathan Witmer Canada plans to adopt a retail payment system to allow Canadians to pay in real time (or near real time) 24 hours a day, 7 days a week. However, the traditional model for setting the overnight interest rate does not operate 24/7. Content Type(s): Staff research, Staff working papers JEL Code(s): E, E4, E40, E42, E43 Research Theme(s): Monetary policy, Monetary policy tools and implementation, Money and payments, Payment and financial market infrastructures
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
January 31, 2012 What Is the Funding Status of Corporate Defined-Benefit Pension Plans in Canada? Financial System Review - June 2004 Jim Armstrong Content Type(s): Publications, Financial System Review articles
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 12, 2014 Stress Testing the Canadian Banking System: A System-Wide Approach Financial System Review - June 2014 Kartik Anand, Guillaume Bédard-Pagé, Virginie Traclet Stress testing is an important tool used by financial authorities and entities around the world to evaluate potential risks to the financial system. Kartik Anand, Guillaume Bédard-Pagé and Virginie Traclet discuss different stress-testing approaches, with emphasis on the innovative and analytically rigorous model developed by the Bank of Canada: the MacroFinancial Risk Assessment Framework (MFRAF). They also present the stress-test results obtained in the context of the 2013 Canada Financial Sector Assessment Program led by the International Monetary Fund, including the important contributions made by the use of MFRAF in the exercise. Content Type(s): Publications, Financial System Review articles JEL Code(s): C, C6, C63, G, G0, G01, G2, G21
December 9, 2010 Central Counterparties and Systemic Risk Financial System Review - December 2010 Eric Tuer, Nicholas Labelle, Nikil Chande Content Type(s): Publications, Financial System Review articles
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
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
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