G2 - Financial Institutions and Services - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T06:02:24+00:00Anatomy of a Twin Crisis
https://www.bankofcanada.ca/2003/12/working-paper-2003-41/
The author presents a model of a twin crisis, in which foreign and domestic residents play a banking game. Both "honest" and run equilibria of the post-deposit subgame exist; some run equilibria lead to a currency crisis, as agents convert domestic currency to foreign currency.2003-12-05T14:59:52+00:00enAnatomy of a Twin Crisis2003-12-05Exchange ratesFinancial institutionsWorking Paper 2003-41 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-41.pdfAnatomy of a Twin CrisisRaphael SolomonDecember 2003EE5E58FF3F30GG2G21Excess 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 2003EE4E44GG2G21Essays on Financial Stability
https://www.bankofcanada.ca/2003/09/technical-report-no95/
The four essays published here provide a useful overview for anyone interested in understanding the issues and policy environment surrounding financial system stability.2003-09-01T09:51:55+00:00enEssays on Financial Stability2003-09-01Financial institutionsFinancial marketsTechnical Report 95 https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr95.pdfEssays on Financial StabilityJohn ChantAlexandra LaiMark IllingFred DanielSeptember 2003GG2G28The Syndicated Loan Market: Developments in the North American Context
https://www.bankofcanada.ca/2003/06/working-paper-2003-15/
The author describes the rapid development of the syndicated corporate loan market in the 1990s. He explores the historical forces that led to the development of the contemporary U.S. syndicated loan market, which is effectively a hybrid of the investment banking and commercial banking worlds.2003-06-01T10:54:50+00:00enThe Syndicated Loan Market: Developments in the North American Context2003-06-01Financial institutionsFinancial marketsWorking Paper 2003-15 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-15.pdfThe Syndicated Loan Market: Developments in the North American ContextJim ArmstrongJune 2003GG1G10G2G21Managing 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 2003EE4E44GG2G21Banking Crises and Contagion: Empirical Evidence
https://www.bankofcanada.ca/2003/02/working-paper-2003-1/
Recent events, such as the East Asian, Mexican, Scandinavian, and Argentinian crises, have sparked considerable interest in exploring how shocks experienced by one country can spread vis-à-vis real and nominal links to other countries' banking systems. Given the large costs associated with banking-system failures, both economists and policy-makers are interested in predicting the onset of banking crises and assessing the likelihood of contagion during crisis events.2003-02-01T15:36:05+00:00enBanking Crises and Contagion: Empirical Evidence2003-02-01International topicsWorking Paper 2003-1 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-1.pdfBanking Crises and Contagion: Empirical EvidenceEric SantorFebruary 2003FF3F30GG2G20