Financial institutions - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:52:48+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 2003GG2G28Financial Developments in Canada: Past Trends and Future Challenges
https://www.bankofcanada.ca/wp-content/uploads/2010/06/engerte.pdf
Freedman and Engert focus on the changing pattern of lending and borrowing in Canada in the past thirty to forty years, including the types of financial instruments used and the relative roles of financial institutions and financial markets. They examine how borrowing mechanisms have changed over time and consider the challenges facing the Canadian financial sector, including whether our financial markets are in danger of disappearing because of the size and pre-eminence of U.S. financial markets.
Some of the trends examined here include syndicated lending, securitization, and credit derivatives, a form of financial engineering that has become increasingly important in the last few years. They also study bond and equity markets to determine whether Canadian capital markets have been hollowed out or abandoned by Canadian firms and conclude that the data do not provide much support for that view.2003-08-23T10:13:12+00:00enFinancial Developments in Canada: Past Trends and Future Challenges2003-08-23The 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 2003GG1G10G2G21An Index of Financial Stress for Canada
https://www.bankofcanada.ca/2003/06/working-paper-2003-14/
The authors develop an index of financial stress for the Canadian financial system. Stress is defined as the force exerted on economic agents by uncertainty and changing expectations of loss in financial markets and institutions.2003-06-01T10:25:42+00:00enAn Index of Financial Stress for Canada2003-06-01Financial institutionsFinancial marketsWorking Paper 2003-14 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-14.pdfAn Index of Financial Stress for CanadaMark IllingYing LiuJune 2003EE5GG1G10Bank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy
https://www.bankofcanada.ca/2003/04/working-paper-2003-9/
The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate the real effects of exogenous credit shocks. Financial frictions, which are modelled as spreads between deposit and loan interest rates, are assumed to depend on economic activity as well as on credit shocks.2003-04-01T11:27:17+00:00enBank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy2003-04-01Financial institutionsMonetary policy frameworkMonetary policy transmissionWorking Paper 2003-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-9.pdfBank Lending, Credit Shocks, and the Transmission of Canadian Monetary PolicyJoseph Atta-MensahAli DibApril 2003EE3E32E4E5E51Managing 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