Estimating the appropriate quantity of settlement balances in a floor system / by Narayan Bulusu, Matt McNeely, Kaetlynd McRae and Jonathan Witmer.: FB3-6/2023-26E-PDF
"In April 2022, the Bank of Canada announced that it would continue to use a floor system to implement monetary policy by providing a sufficiently large quantity of settlement balances to enable the overnight repo rate to trade at close to the deposit rate. In contrast, the Bank’s guiding principles of prudence, transparency and neutrality, which govern the management of its balance sheet, favour maintaining settlement balances as low as possible. In this context, this paper describes two complementary approaches to estimating the appropriate quantity of settlement balances needed to effectively maintain a floor system"--Abstract.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.929023&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Estimating the appropriate quantity of settlement balances in a floor system / by Narayan Bulusu, Matt McNeely, Kaetlynd McRae and Jonathan Witmer. |
| Series title | Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2023-26 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: October 13, 2023." Cover title. Includes bibliographical references. Includes abstract in French. |
| Publishing information | [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 |
| Author / Contributor | Bulusu, Narayan, author. |
| Description | 1 online resource (ii, 18 pages) : charts. |
| Catalogue number |
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| Subject terms | Monetary policy -- Canada. Politique monétaire -- Canada. |
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