The implementation of monetary policy in Canada

Arbeitspapier

The authors present a detailed discussion of the Bank of Canadas' framework for the implementation of monetary policy. As background, they provide a brief overview of the financial system in Canada, including a discussion of the financial services industry and the money market. Key features of the large-value payments system, which is integral to the implementation of monetary policy, are also explained. The authors then discuss in some detail the operating framework for the implementation of monetary policy. An assessment of the effectiveness of the Bank of Canadas' framework is also provided, including an analysis of monetary policy implementation in the period of financial market stress beginning in August 2007.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Bank of Canada Discussion Paper ; No. 2008-9

Classification and Topics

• Classification: Wirtschaft ; Monetary Policy ; Central Banks and Their Policies ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Subject: Financial institutions ; Financial markets ; Monetary policy implementation ; Payment, clearing, and settlement systems ; Zentralbank ; Bankensystem ; Bankenpolitik ; Zahlungsverkehr ; Verrechnungsverkehr ; Geldpolitik ; Kanada

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Engert, Walter ; Gravelle, Toni ; Howard, Donna
• Event: Veröffentlichung
• (who): Bank of Canada
• (where): Ottawa
• (when): 2008

Further information

• DOI: doi:10.34989/sdp-2008-9
• Handle: http://hdl.handle.net/10419/66911
• Last update: 10.03.2025, 11:42 AM CET