00000nam 2200000zi 4500 9.929023 CaOODSP 20240826172750 m o d f cr |n||||||||| 231018t20232023oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-6/2023-26E-PDF Bulusu, Narayan, author. Estimating the appropriate quantity of settlement balances in a floor system / by Narayan Bulusu, Matt McNeely, Kaetlynd McRae and Jonathan Witmer. [Ottawa] : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (ii, 18 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2023-26 "Last updated: October 13, 2023." Cover title. Includes bibliographical references. "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. Includes abstract in French. Monetary policy Canada. Politique monétaire Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 1914-0568 ; 2023-26. (CaOODSP)9.806273 PDF 699 KB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-6-2023-26-eng.pdf