G - Financial Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T20:26:28+00:00Trade Credit and Credit Rationing in Canadian Firms
https://www.bankofcanada.ca/2004/12/working-paper-2004-49/
Burkart and Ellingsen's (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing.2004-12-01T10:31:39+00:00enTrade Credit and Credit Rationing in Canadian Firms2004-12-01Credit and credit aggregatesFinancial marketsWorking Paper 2004-49 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-49.pdfTrade Credit and Credit Rationing in Canadian FirmsRose CunninghamDecember 2004GG1G14G2G21G3G32An Empirical Analysis of the Canadian Term Structure of Zero-Coupon Interest Rates
https://www.bankofcanada.ca/2004/12/working-paper-2004-48/
Zero-coupon interest rates are the fundamental building block of fixed-income mathematics, and as such have an extensive number of applications in both finance and economics.2004-12-01T10:21:37+00:00enAn Empirical Analysis of the Canadian Term Structure of Zero-Coupon Interest Rates2004-12-01Econometric and statistical methodsFinancial marketsInterest ratesWorking Paper 2004-48 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-48.pdfAn Empirical Analysis of the Canadian Term Structure of Zero-Coupon Interest RatesDavid BolderAdam MetzlerGrahame JohnsonDecember 2004CC0C6EE4GG1The Monetary Origins of Asymmetric Information in International Equity Markets
https://www.bankofcanada.ca/2004/12/working-paper-2004-47/
Existing studies using low-frequency data show that macroeconomic shocks contribute little to international stock market covariation.2004-12-01T09:57:47+00:00enThe Monetary Origins of Asymmetric Information in International Equity Markets2004-12-01Financial marketsInternational topicsMarket structure and pricingWorking Paper 2004-47 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-47.pdfThe Monetary Origins of Asymmetric Information in International Equity MarketsGregory BauerClara VegaDecember 2004FF3F30GG1G12G14G15Modelling the Evolution of Credit Spreads in the United States
https://www.bankofcanada.ca/2004/12/working-paper-2004-45/
The authors use Jarrow and Turnbull's (1995) reduced-form methodology to model the evolution of the term structure of interest rates in the United States for different credit classes and different industries.2004-12-01T08:26:38+00:00enModelling the Evolution of Credit Spreads in the United States2004-12-01Financial marketsMarket structure and pricingWorking Paper 2004-45 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-45.pdfModelling the Evolution of Credit Spreads in the United StatesStuart TurnbullJun YangDecember 2004GG1G12G13International Equity Flows and Returns: A Quantitative Equilibrium Approach
https://www.bankofcanada.ca/2004/11/working-paper-2004-42/
The authors model trading by foreign and domestic investors in developed-country equity markets.2004-11-01T16:54:24+00:00enInternational Equity Flows and Returns: A Quantitative Equilibrium Approach2004-11-01Financial marketsInternational topicsMarket structure and pricingWorking Paper 2004-42 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-42.pdfInternational Equity Flows and Returns: A Quantitative Equilibrium ApproachRui AlbuquerqueMartin SchneiderGregory BauerNovember 2004FF3F30GG1G12G14G15Finance Constraints and Inventory Investment: Empirical Tests with Panel Data
https://www.bankofcanada.ca/2004/10/working-paper-2004-38/
The author empirically tests two aspects of the interaction between financial variables and inventory investment: negative cash flow and finance constraints due to asymmetric information.2004-10-01T16:19:21+00:00enFinance Constraints and Inventory Investment: Empirical Tests with Panel Data2004-10-01Business fluctuations and cyclesFinancial institutionsWorking Paper 2004-38 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-38.pdfFinance Constraints and Inventory Investment: Empirical Tests with Panel DataRose CunninghamOctober 2004EE2E22GG1G14Market Valuation and Risk Assessment of Canadian Banks
https://www.bankofcanada.ca/2004/09/working-paper-2004-34/
The authors apply the asset-valuation model developed by Rabinovitch (1989) to six publicly traded Canadian banks over the period 1982–2002.2004-09-01T13:29:34+00:00enMarket Valuation and Risk Assessment of Canadian Banks2004-09-01Financial institutionsWorking Paper 2004-34 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-34.pdfMarket Valuation and Risk Assessment of Canadian BanksYing LiuMingwei YuanEli PapakirykosSeptember 2004GG1G12G2G21The New Basel Capital Accord and the Cyclical Behaviour of Bank Capital
https://www.bankofcanada.ca/2004/08/working-paper-2004-30/
The authors conduct a counterfactual simulation of the proposed rules under the new Basel Capital Accord (Basel II), including the revised treatment of expected and unexpected credit losses proposed by the Basel Committee in October 2003.2004-08-01T13:12:27+00:00enThe New Basel Capital Accord and the Cyclical Behaviour of Bank Capital2004-08-01Financial institutionsWorking Paper 2004-30 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-30.pdfThe New Basel Capital Accord and the Cyclical Behaviour of Bank CapitalMark IllingGraydon PaulinAugust 2004GG2G21G28KK2K23Uninsurable Investment Risks
https://www.bankofcanada.ca/2004/08/working-paper-2004-29/
The authors study a general-equilibrium economy in which agents have the ability to invest in a risky technology.2004-08-01T11:49:46+00:00enUninsurable Investment Risks2004-08-01Economic modelsFinancial institutionsFinancial marketsWorking Paper 2004-29 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-29.pdfUninsurable Investment RisksCésaire MehVincenzo QuadriniAugust 2004DD3D31EE2E21GG0Financial Market Imperfection, Overinvestment, and Speculative Precaution
https://www.bankofcanada.ca/2004/07/working-paper-2004-27/
The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into account the role their financial health plays in investment decisions.2004-07-01T11:36:41+00:00enFinancial Market Imperfection, Overinvestment, and Speculative Precaution2004-07-01Business fluctuations and cyclesWorking Paper 2004-27 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-27.pdfFinancial Market Imperfection, Overinvestment, and Speculative PrecautionChristian CalmèsJuly 2004DD9D92EE2E22E4E44GG3G33