00000nam 2200000zi 4500 9.921970 CaOODSP 20250218144406 m o d f cr |n||||||||| 230426t20232023onc ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-6/2023-6E-PDF Johnson, Grahame, author. A review of the Bank of Canada's market operations related to COVID-19 / by Grahame Johnson. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2023. ©2023 1 online resource (ii, 26 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2023-6 "Last updated: March 29, 2023." Includes bibliographical references (pages 25-26). "The economic lockdowns that began in March 2020 in response to the COVID-19 pandemic led to an unparalleled level of financial market disruption. Investors sought liquidity by selling financial assets and drawing down loans and credit lines. The speed, scale and one-way nature of these transactions caused an almost complete breakdown of market functioning. In response, the Bank of Canada launched 10 extraordinary programs, 9 of which had never been used before, to restore market functioning. As market conditions improved, 9 of the 10 programs were wound down"--Abstract. Bank of Canada. COVID-19 Pandemic, 2020-2023 Economic aspects Canada. Pandémie de COVID-19, 2020-2023 Aspect économique Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2023-6. (CaOODSP)9.806273 PDF 511 KB https://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-6-2023-6-eng.pdf