A review of the Bank of Canada's market operations related to COVID-19 / by Grahame Johnson.: FB3-6/2023-6E-PDF
"The economic lockdowns that began in March 2020 in response to the COVID-19 pandemic led to an unparalleled level of financial market disruption. Investors sought liquidity by selling financial assets and drawing down loans and credit lines. The speed, scale and one-way nature of these transactions caused an almost complete breakdown of market functioning. In response, the Bank of Canada launched 10 extraordinary programs, 9 of which had never been used before, to restore market functioning. As market conditions improved, 9 of the 10 programs were wound down"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.921970&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | A review of the Bank of Canada's market operations related to COVID-19 / by Grahame Johnson. |
| Series title | Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2023-6 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: March 29, 2023." Includes bibliographical references (pages 25-26). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2023. ©2023 |
| Author / Contributor | Johnson, Grahame, author. |
| Description | 1 online resource (ii, 26 pages). |
| Catalogue number |
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| Subject terms | Bank of Canada. COVID-19 Pandemic, 2020- -- Economic aspects -- Canada. Pandémie de COVID-19, 2020- -- Aspect économique -- Canada. |