November 30, 2022
Posts
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November 30, 2022
2023–25 Accessibility Plan
At the Bank of Canada, we recognize that accessibility is an ongoing and central element of being an inclusive organization. That’s why the plan we’ve developed to continue improving our accessibility builds on our inclusive mindset and practices. -
November 30, 2022
Research Update - November 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. -
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November 29, 2022
Quarterly Financial Report - Third Quarter 2022
Quarterly Financial Report - Third Quarter 2022 - For the period ended September 30, 2022 -
November 29, 2022
Accessibility
The Bank’s Accessibility Plan shares how we strive to be accessible to everyone. Let us know how we’re doing—share your feedback online, by telephone, by email, or by mail. -
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Regulatory Requirements of Banks and Arbitrage in the Post-Crisis Federal Funds Market
This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of the financial system: abundance of liquidity, different regulatory standards for banks, and arbitrage opportunities created by limited access to the facility granting interest on excess reserves. -
Stablecoins and Their Risks to Financial Stability
What risks could stablecoins pose to the financial system? We argue that the stabilization mechanisms of stablecoins give rise to the risk of confidence runs, which can propagate to broader cryptoasset markets and the traditional financial sector. We also argue that stablecoins can contribute to financial stability risks by facilitating the buildup of leverage and liquidity mismatch in decentralized finance. Such risks cannot be addressed by ensuring the price stability of stablecoins alone. Finally, we explore the potential implications of stablecoins for the current system of bank-intermediated credit and for monetary policy. -
November 28, 2022
Canadian Financial Sector Resiliency Group
Canadian Financial Sector Resiliency Group (CFRG) is a public-private partnership led by the Bank of Canada that is designed to strengthen the financial sector’s critical infrastructure against risks to business operations, including cyber incidents. Find out about our mandate, membership, or contact us.