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Securing Monetary and Financial Stability: Why Canada Needs a Macroprudential Policy Framework

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June 24, 2015
Securing Monetary and Financial Stability: Why Canada Needs a Macroprudential Policy Framework

The Bank of Canada should focus monetary policy on inflation, not systemic risk, according to a new report released today by the C.D. Howe Institute. In “Securing Monetary and Financial Stability: Why Canada Needs a Macroprudential Policy Framework,” authors Paul Jenkins and David Longworth address the importance for the conduct of Canadian monetary policy of having a separate coherent framework for macroprudential policy – designed to prevent the build-up of systemic, or system-wide, financial risks.

Author(s):

David Longworth, Former Deputy Governor, Bank of Canada; Adjunct Professor, Queen's University and Carleton University
David Longworth
Paul Jenkins, Former Senior Deputy Governor and Chief Operating Officer, Bank of Canada; Adjunct Professor, Carleton University
Paul Jenkins

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.