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COVID-19 crisis: Liquidity management at Canada’s largest public pension funds

Author

Listed:
  • Guillaume Bédard-Pagé
  • Daniel Bolduc-Zuluaga
  • Annick Demers
  • Jean-Philippe Dion
  • Manu Pandey
  • Léanne Berger-Soucy
  • Adrian Walton

Abstract

This paper examines how the eight largest Canadian public pension funds managed liquidity during the market turmoil in March 2020. The funds were generally resilient to large demands for liquidity and relied heavily on Canada's core funding markets.

Suggested Citation

  • Guillaume Bédard-Pagé & Daniel Bolduc-Zuluaga & Annick Demers & Jean-Philippe Dion & Manu Pandey & Léanne Berger-Soucy & Adrian Walton, 2021. "COVID-19 crisis: Liquidity management at Canada’s largest public pension funds," Staff Analytical Notes 2021-11, Bank of Canada.
    • Handle: RePEc:bca:bocsan:21-11
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    References listed on IDEAS

    as
    1. Jean-Sébastien Fontaine & Corey Garriott & Jesse Johal & Jessica Lee & Andreas Uthemann, 2021. "COVID-19 Crisis: Lessons Learned for Future Policy Research," Discussion Papers 2021-2, Bank of Canada.
    2. Jean-Sébastien Fontaine & Hayden Ford & Adrian Walton, 2020. "COVID-19 and bond market liquidity: alert, isolation and recovery," Staff Analytical Notes 2020-14, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Coronavirus disease (COVID-19); Financial institutions; Financial markets;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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