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: Quantitative Easing
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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A Government Debt Jubilee?
As the COVID-19 crisis continues to drag on, it appears the BoC stands ready to purchase, in an unconstrained manner, a total of
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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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An Operational Perspective on QE in Canada
Canadian market-watchers generally consider Quantitative Easing (QE) as the bazooka that was never fired by the Bank of Canada (BoC) during the financial
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