The Size and Destination of China’s Portfolio Outflows Staff discussion paper 2018-11 Rose Cunningham, Eden Hatzvi, Kun Mo The size of China’s financial system raises the possibility that the liberalization of its capital account could have a large effect on the global financial system. This paper provides a counterfactual scenario analysis that estimates what the size and direction of China’s overseas portfolio investments would have been in 2015 if China had had no restrictions on these outflows. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Balance of payments and components, Econometric and statistical methods, International topics JEL Code(s): C, C2, C23, F, F2, F21, F3, F32, G, G1, G15 Research Theme(s): Financial system, Financial stability and systemic risk, Structural challenges, International trade, finance and competitiveness
Disaggregating Household Sensitivity to Monetary Policy by Expenditure Category Staff analytical note 2018-32 Tony Chernis, Corinne Luu Because the Bank of Canada has started withdrawing monetary stimulus, monitoring the transmission of these changes to monetary policy will be important. Subcomponents of consumption and housing will likely respond differently to a monetary policy tightening, both in terms of the aggregate effect and timing. Content Type(s): Staff research, Staff analytical notes Research Topic(s): Business fluctuations and cycles, Domestic demand and components, Econometric and statistical methods, Housing, Interest rates, Monetary policy transmission, Recent economic and financial developments JEL Code(s): C, C3, C32, E, E2, E21, E22, E4, E43, E47, E5, E52 Research Theme(s): Financial system, Household and business credit, Monetary policy, Monetary policy framework and transmission, Real economy and forecasting
October 2, 2018 CFIF Meeting (October 2, 2018) Content Type(s): Meetings Source(s): Canadian Fixed-Income Forum
October 1, 2018 Decrypting “Crypto” Remarks Timothy Lane Haskayne School of Business - University of Calgary Calgary, Alberta Deputy Governor Timothy Lane discusses the Bank of Canada’s research and responses to public interest in cryptocurrencies. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Cryptoassets, Cryptocurrencies, Digital currencies and fintech, Financial stability Subject(s): Currency, Bank notes, Digital currency, Financial system, Financial stability, Fintech
September 30, 2018 Research Update - September 2018 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
September 28, 2018 The benefits of freer trade Stephen Murchison, Alex Chernoff Freer trade lowers prices and boosts economies, yet not everyone benefits equally. Fair policies are essential for balanced growth and widespread prosperity. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Balance of payments and components, Development economics, International topics, Recent economic and financial developments, Trade integration Subject(s): Monetary policy, Economic models, Economy/Economic growth
September 28, 2018 Welcome to The Economy, Plain and Simple Donald Coletti The economy starts with you. Content Type(s): Publications, The Economy, Plain and Simple Research Topic(s): Credibility, Monetary policy communications, Recent economic and financial developments Subject(s): Monetary policy, Economy/Economic growth