Staff working papers - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T17:53:19+00:00Competition in Banking: A Review of the Literature
https://www.bankofcanada.ca/2004/06/working-paper-2004-24/
The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market power is necessary for stability in the banking system.2004-06-01T17:41:58+00:00enCompetition in Banking: A Review of the Literature2004-06-01Financial institutionsFinancial servicesMarket structure and pricingWorking Paper 2004-24 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-24.pdfCompetition in Banking: A Review of the LiteratureCarol Ann NorthcottJune 2004GG2G21G28LL1L11L12L13L16Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization
https://www.bankofcanada.ca/2004/06/working-paper-2004-23/
Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries.2004-06-01T17:37:26+00:00enConvergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization2004-06-01Interest ratesInternational topicsWorking Paper 2004-23 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-23.pdfConvergence of Government Bond Yields in the Euro Zone: The Role of Policy HarmonizationDenise CôtéChristopher GrahamJune 2004CC2C23EE4E43E44FF3F36Financial Conditions Indexes for Canada
https://www.bankofcanada.ca/2004/06/working-paper-2004-22/
The authors construct three financial conditions indexes (FCIs) for Canada based on three approaches: an IS-curve-based model, generalized impulse-response functions, and factor analysis.2004-06-01T17:32:43+00:00enFinancial Conditions Indexes for Canada2004-06-01Monetary and financial indicatorsMonetary conditions indexWorking Paper 2004-22 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-22.pdfFinancial Conditions Indexes for CanadaCéline GauthierChristopher GrahamYing LiuJune 2004EE4E44E5E52Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation
https://www.bankofcanada.ca/2004/06/working-paper-2004-21/
This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in monetary policy, results in a decline in the degree of pass-through of exchange rate movements to consumer prices.2004-06-01T14:48:59+00:00enExchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation2004-06-01Exchange ratesInflation and pricesInternational topicsWorking Paper 2004-21 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-21.pdfExchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical InvestigationJeannine BailliuEiji FujiiJune 2004EE3E31E4E42FF3F31Commodity-Linked Bonds: A Potential Means for Less-Developed Countries to Raise Foreign Capital
https://www.bankofcanada.ca/2004/06/working-paper-2004-20/
The author suggests that commodity-linked bonds could provide a potential means for less-developed countries (LDCs) to raise money on the international capital markets, rather than through standard forms of financing.2004-06-01T14:34:45+00:00enCommodity-Linked Bonds: A Potential Means for Less-Developed Countries to Raise Foreign Capital2004-06-01Development economicsFinancial marketsInternational topicsWorking Paper 2004-20 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-20.pdfCommodity-Linked Bonds: A Potential Means for Less-Developed Countries to Raise Foreign CapitalJoseph Atta-MensahJune 2004FF3F30F34F4F49GG1G11G13OO1O16