Monetary System
Title | How the Bank of Canada Creates Money for the Federal Government: Operational and Legal Aspects |
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Description | This paper explores the operational and legal aspects of how, by buying newly issued federal government bonds and treasury bills, the Bank of Canada creates money1 for the federal government. Information about how private commercial banks create money is also provided. |
URL | How the Bank of Canada Creates Money for the Federal Government: Operational and Legal Aspects |