E44 - Financial Markets and the Macroeconomy - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T01:54:52+00:00Simple Monetary Policy Rules in an Open-Economy, Limited-Participation Model
https://www.bankofcanada.ca/2003/12/working-paper-2003-38/
The authors assess the stabilization properties of simple monetary policy rules within the context of a small open-economy model constructed around the limited-participation assumption and calibrated to salient features of the Canadian economy. By relying on limited participation as the main nominal friction that affects the artificial economy, the authors provide an important check of the robustness of the results obtained using alternative environments in the literature on monetary policy rules, most notably the now-standard "New Keynesian" paradigm that emphasizes rigidities in the price-setting mechanism.2003-12-02T16:15:30+00:00enSimple Monetary Policy Rules in an Open-Economy, Limited-Participation Model2003-12-02Monetary policy frameworkMonetary policy transmissionWorking Paper 2003-38 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-38.pdfSimple Monetary Policy Rules in an Open-Economy, Limited-Participation ModelScott HendryWai-Ming HoKevin MoranDecember 2003EE4E44E5E52E58FF3F31Excess Collateral in the LVTS: How Much is Too Much?
https://www.bankofcanada.ca/2003/11/working-paper-2003-36/
The authors build a theoretical model that generates demand for collateral by Large Value Transfer System (LVTS) participants under the assumption that they minimize the cost of holding and managing collateral for LVTS purposes. The model predicts that the optimal amount of collateral held by each LVTS participant depends on the opportunity cost of collateral, the transactions costs of acquiring assets used as collateral and transferring them in and out of the LVTS, and the distribution of an LVTS participant's payment flows in the LVTS.2003-11-02T15:45:22+00:00enExcess Collateral in the LVTS: How Much is Too Much?2003-11-02Financial institutionsPayment clearing and settlement systemsWorking Paper 2003-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-36.pdfExcess Collateral in the LVTS: How Much is Too Much?Kim McPhailAnastasia VakosNovember 2003EE4E44GG2G21Managing Operational Risk in Payment, Clearing, and Settlement Systems
https://www.bankofcanada.ca/2003/02/working-paper-2003-2/
Awareness of operational risk has increased greatly in recent years, both at individual financial institutions and for payment, clearing, and settlement systems (PCSS). PCSS consist of networks of interconnected elements (i.e., central operators, participants, and settlement agents); operational problems at any one of the key elements have the potential to disrupt the system as a whole and negatively affect financial stability.2003-02-01T15:49:31+00:00enManaging Operational Risk in Payment, Clearing, and Settlement Systems2003-02-01Financial institutionsPayment clearing and settlement systemsWorking Paper 2003-2 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-2.pdfManaging Operational Risk in Payment, Clearing, and Settlement SystemsKim McPhailFebruary 2003EE4E44GG2G21