Timothy Lane - Bank of Canada

Profile Overview

• Name: Timothy Lane
• Role: Former Deputy Governor of the Bank of Canada
• Tenure: February 2009 - September 2022

Key Responsibilities

• Member of the Bank's Governing Council
  • Responsible for monetary policy and financial system stability decisions
  • Set strategic direction of the Bank
• Oversaw funds management and currency functions
  • Conducted research in financial technology, crypto-assets, and digital currencies
• Managed various areas during his tenure:
  • 2014-2018: Analysis of international economic developments
    • Served as G7 and G20 Deputy
  • 2010-2013: Oversaw work on financial markets
  • 2009-2010: Analysis of Canadian economic developments

Career Background

• International Monetary Fund (IMF):
  • Served for 20 years
  • Worked on a variety of issues and contributed to IMF's work on several countries
• Academic Contributions:
  • Visiting Fellow at the University of Oxford (2004-2005)
  • Assistant Professor at Michigan State University (1984-1988) and University of Iowa (1983-1984)
• Education:
  • BA (Honours) from Carleton University (1977)
  • PhD in Economics from the University of Western Ontario (1983)

Speeches and Publications

Recent Speeches

• February 16, 2022: "Expecting the unexpected: Central bank decision making in turbulent times"
  • Discussed the Bank's response to uncertainty during turbulent periods.
• June 10, 2021: "The digital transformation and Canada's economic resilience"
  • Discussed interest rate announcement and digital transformation's effect on resilience.
• February 10, 2021: "Payments innovation beyond the pandemic"
  • Highlighted the need for improved payment systems post-COVID-19.
• May 20, 2020: "Policies for the Great Global Shutdown and Beyond"
  • Explained the Bank's strategy during the COVID-19 crisis.
• February 25, 2020: "Money and Payments in the Digital Age"
  • Discussed the preparation for potential digital currency issuance by the Bank of Canada.

Publications

• August 19, 2010: "Should Monetary Policy Be Used to Counteract Financial Imbalances?"
  • Examined the role of monetary policy in addressing financial imbalances.
• May 22, 2020: "Our COVID-19 response: Policy actions"
  • Detailed the Bank's actions during COVID-19.

Research Interests

• Monetary policy, financial crises, IMF reform, economic transition
• Topics include digital currencies, fintech, economic resilience, and international trade

Additional Information

• Location: Born in Ottawa
• Connect with Timothy Lane: Timothy Lane on Bank of Canada website