Michael Mueller - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:35:26+00:00A Review of the Bank of Canada’s Support of Key Financial Markets During the COVID-19 Crisis
https://www.bankofcanada.ca/2023/04/staff-discussion-paper-2023-9/
The COVID-19 pandemic placed unprecedented strain on the global financial system. We describe how the Bank of Canada responded to the rapidly deteriorating liquidity in core Canadian fixed-income markets.2023-04-28T08:23:33+00:00enA Review of the Bank of Canada’s Support of Key Financial Markets During the COVID-19 Crisis2023-04-28Coronavirus disease (COVID-19)Financial marketsMarket structure and pricingMonetary policy and uncertaintyStaff Discussion Paper 2023-9https://www.bankofcanada.ca/wp-content/uploads/2023/04/sdp2023-9.pdfA Review of the Bank of Canada’s Support of Key Financial Markets During the COVID-19 CrisisJoshua FernandesMichael MuellerApril 2023EE4E44E5E58GG0G01Speed Segmentation on Exchanges: Competition for Slow Flow
https://www.bankofcanada.ca/2018/01/staff-working-paper-2018-3/
In 2015, TSX Alpha, a Canadian stock exchange, implemented a speed bump for marketable orders and an inverted fee structure as part of a redesign. We find no evidence that this redesign impacted market-wide measures of trading costs or contributed appreciably to segmenting retail order flow away from other Canadian venues with a maker-taker fee structure.2018-01-09T10:27:29+00:00enSpeed Segmentation on Exchanges: Competition for Slow Flow2018-01-09Financial marketsMarket structure and pricingStaff Working Paper 2018-3https://www.bankofcanada.ca/wp-content/uploads/2018/01/swp2018-3.pdfSpeed Segmentation on Exchanges: Competition for Slow FlowLisa AndersonEmad AndrewsBaiju DevaniMichael MuellerAdrian WaltonJanuary 2018GG1G14G2G24Toward More Resilient Markets: Over-the-Counter Derivatives Reform in Canada
https://www.bankofcanada.ca/wp-content/uploads/2016/12/fsr-december-2016-mueller.pdf
In Toward More Resilient Markets: Over-the-Counter Derivatives Reform in Canada, Michael Mueller and André Usche show that the implementation of derivatives market reforms in Canada is well under way and has lessened vulnerabilities. But accompanying changes to market structure have both positive and negative effects that require ongoing attention from authorities.2016-12-15T10:30:57+00:00enToward More Resilient Markets: Over-the-Counter Derivatives Reform in Canada2016-12-15Persistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?
https://www.bankofcanada.ca/2014/12/working-paper-2014-55/
Studies such as Lemmon, Roberts and Zender (2008) demonstrate how stable firms’ capital structures are over time, and raise the question of whether new theories of capital structure are needed to explain these phenomena.2014-12-12T11:06:38+00:00enPersistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?2014-12-12Econometric and statistical methodsFinancial marketsWorking Paper 2014-55https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-55.pdfPersistent Leverage in Portfolio Sorts: An Artifact of Measurement Error?Michael MuellerDecember 2014CC1C18GG3G32