With the recent emergency response to the COVID-19 pandemic, the Bank of Canada (BoC) has managed to expand its balance sheet in a
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Tag: Monetary Policy
How the Bank of Canada Creates Money
ABSTRACT This paper provides a general understanding of the process by which the Bank of Canada creates money through large scale asset purchases.
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Modern Monetary Theory in Canada
Modern Monetary Theory (MMT) is a controversial economic theory that has recently been garnering renewed support in Canada and many other developed countries
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Are You Ready For Negative Interest Rates?
While most Canadians today are unlikely to be familiar with the concept of negative interest rates, it is a policy that is likely
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The “Debt Monetization” Myth
With the recent turmoil in the repo market, the Federal Reserve has once again stepped into the fray and announced a new program of Quantitative
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