Technical Reports - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:03:52+00:00Tests of Market Efficiency in the One-Week When-Issued Market for Government of Canada Treasury Bills
https://www.bankofcanada.ca/1993/10/technical-report-no65/
This report presents different tests of market efficiency in the when- issued market for Government of Canada treasury bills and examines the effectiveness, in this market, of Bank operations over the 1986 to mid- 1992 period. The when-issued market, which is a combination of a forward and futures market, enables market participants to buy or […]1993-10-01T09:47:54+00:00enTests of Market Efficiency in the One-Week When-Issued Market for Government of Canada Treasury Bills1993-10-01Financial marketsD. Graham PughOctober 1993GG1G14Measurement Biases in the Canadian CPI
https://www.bankofcanada.ca/1993/09/technical-report-no64/
The consumer price index (CPI) may be an imperfect measure of changes in the cost of living owing to measurement biases known as commodity substitution bias, new goods bias, quality bias and outlet substitution bias. When the sum of these individual biases is positive, the rate of change in the CPI overstates the increase in […]1993-09-01T16:29:37+00:00enMeasurement Biases in the Canadian CPI1993-09-01Inflation and pricesAllan CrawfordSeptember 1993EE3E31Monetary Policy, Uncertainty and the Presumption of Linearity
https://www.bankofcanada.ca/1993/08/technical-report-no63/
This report shows that extreme conditions and volatility in markets are much more likely to result from systematic policy errors in gauging and responding to inflationary pressures in an economy than from unfortunate random shocks. We describe a simple model that incorporates the key features of the policy control process. We use two versions of […]1993-08-01T16:01:11+00:00enMonetary Policy, Uncertainty and the Presumption of Linearity1993-08-01Economic modelsInflation and pricesMonetary policy and uncertaintyTechnical Report 63https://www.bankofcanada.ca/wp-content/uploads/2010/10/tr63.pdfMonetary Policy, Uncertainty and the Presumption of Linearity Douglas LaxtonDavid RoseRobert TetlowAugust 1993EE5E52The Development of Financial Derivatives Markets: The Canadian Experience
https://www.bankofcanada.ca/1993/06/technical-report-no62/
In response to an intense demand for risk management services since the early 1980s, the over-the-counter (OTC) markets for financial derivatives in Canada have developed more vigorously than those for exchange-traded (EXT) derivative securities. This is particularly evident for interest rate derivatives. The objectives of this paper are to examine why Canadian interest rate derivatives […]1993-06-01T11:52:38+00:00enThe Development of Financial Derivatives Markets: The Canadian Experience1993-06-01Financial marketsSean O'ConnorJune 1993GG1G10