Textbook Notes (280,000)
CA (170,000)
WLU (9,000)
EC (1,000)
EC223 (100)
Chapter 17

EC223 Chapter Notes - Chapter 17: Landing Vehicle Tracked, Overnight Rate, Systemic Risk


Department
Economics
Course Code
EC223
Professor
Sharif Khan
Chapter
17

This preview shows half of the first page. to view the full 2 pages of the document.

Large Value Transfer System (LVTS)

 !

"#$%&systemic risk
&%!&&!
%
Bank of Canada’s Policy Rate
% &
overnight interest rate.
 policy ratemain tool'
&&
%( ' 
operating band )*+,-
upper limit%Bank Rate'
"#$.&   
%
lower limit%'"#$
 %)'-
%"#&%
%'*/% &0!&1
'&standing liquidity facilities %
%%1%
2 &%
'%& 
Bank rateceilingovernight rate "#$
%&unlikely to borrow !higher
interest rate%%'
Deciding Overnight Interest Rate – Market for Settlement Balances (reserves)
Demand for Reserves%23
 2 %3 
&(& 0
2
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version