Canada
Central bank documents stolen from Carney’s car
Bank of Canada governor Mark Carney robbed of bag containing internal central bank papers after car was broken into, central bank says bag was recovered but not known if all documents were retrieved
Michael Bordo: Fed failed as lender of last resort
Federal Reserve did not fulfil its role as lender of last resort
Temporary workers account for large part of labour reallocation costs: Bank of Canada
Bank of Canada study shows excluding temporary workers severely underestimates adjustment costs to labour
Canada’s Carney: recovery to weaken
Bank of Canada governor Mark Carney forecasts subdued growth as economy enters next phase of recovery
Bank of Canada: capital requirements dampen shocks
Bank of Canada study creates micro-model banking sector where capital requirements dampen real impacts of financial shocks
Britain unveils sweeping, cross-border bank levy
UK government publishes draft bank tax law which will affect domestic banks operating overseas and foreign bank operations in Britain; proposal highlights international disunity
BoC: Business Outlook Survey
Bank of Canada Business Outlook Survey shows domestic firms’ growth outlook remains muted
OECD warns on global slowdown
G7 growth set to slow to 1.5% in the second half of the year; chief economist advocates more QE if slowdown does become entrenched
Bank of Canada on inflation expectations
Bank of Canada Review features articles on targeting inflation expectations, rate pledges and using monetary policy to tackle imbalances
Canada throws weight behind Basel III, lauding output gains
Bank of Canada says forthcoming capital and liquidity ratios will save the country nearly C$200 billion; stresses that Canada must not rest on laurels, not having experienced banking crisis
Bank of Canada: firms don’t smooth inventories
Bank of Canada study shows high costs attached to inventories deters firms from smoothing inventory ahead of countercyclical swings
Canada’s Carney explains rate hike
Bank of Canada governor Mark Carney says decision to hike rates was due to unexpected improvement in private demand
Agathe Côté named new Bank of Canada deputy
Bank of Canada adviser Agathe Côté named as replacement to Duguay after deputy governor retires
Bank of Canada: foreign US Treasury holders depressed long term yields
A Bank of Canada study into long-term US Treasury yields finds foreign holders absorbed the excess supply of bonds and decreased yields pre-crisis
Canada’s Carney praises ‘decisive’ ECB step
Bank of Canada governor Mark Carney lends support to European Central Bank’s disputed bond purchase programme; says fiscal, not monetary exit will be tricky
Canada's Duguay: terminating penny coin has no impact on inflation
Bank of Canada deputy governor Pierre Duguay says eliminating penny coin will pose little threat of inflation
Bank of Canada: contractionary monetary shocks outweigh expansionary ones
Bank of Canada study shows that contractionary monetary policy shocks have more impact on output than expansionary shocks
Bank of Canada: Credibility helps keep inflation expectations anchored
Bank of Canada study shows central bank credibility helped anchor inflation expectations during global financial crisis
Deficits set to stay sky-high despite growth revival, warns Fund
IMF says deficits worldwide will fall by less than expected in 2010, in spite of improved growth prospects; developed economies worst offenders
Bank of Canada launches new commodities index
Bank of Canada replaces old fixed-weight measure with new Fisher chain index of Canada’s commodities market
Canada’s Murray: commodity boom and bust avoidable
Bank of Canada deputy governor John Murray says commodity market volatility can be eased with sensible policies
Capital ratio hikes 'not appropriate' for South Africa
South African Reserve Bank says lenders already hold more than necessary and further hikes will only hit profits; deputy governor Guma flags work on macroprudential framework
Bank of Canada: Monetary Policy Report April 2009
Bank maintains its benchmark interest rate steady, but report signals plans to begin to lessen the degree of monetary stimulus as the need for extraordinary policy passes
Canada scraps commitment to hold rates; signals hike
Bank of Canada drops conditional commitment to hold overnight rate at 0.25%; pledge one of a number made by central banks to soothe markets’ nerves