G2 - Financial Institutions and Services - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:55:05+00:00Rediscounting Under Aggregate Risk with Moral Hazard
https://www.bankofcanada.ca/2007/10/working-paper-2007-51/
Freeman (1999) proposes a model in which discount window lending and open market operations have different effects. This is important because in most of the literature, these policies are indistinguishable.2007-10-03T12:56:00+00:00enRediscounting Under Aggregate Risk with Moral Hazard2007-10-03Central bank researchFinancial marketsPayment clearing and settlement systemsWorking Paper 2007-51 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-51.pdfRediscounting Under Aggregate Risk with Moral HazardJames ChapmanAntoine MartinOctober 2007EE5E58GG2G20Hedge Funds and Financial Stability: The State of the Debate
https://www.bankofcanada.ca/2007/09/discussion-paper-2007-9/
The authors review the state of the debate on hedge funds and the potential threat that hedge funds pose to financial stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically important financial institutions, or indirectly by increasing market volatility and generating a […]2007-09-18T16:14:07+00:00enHedge Funds and Financial Stability: The State of the Debate2007-09-18Financial institutionsFinancial stabilityFinancial system regulation and policiesDiscussion Paper 2007-9https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-9.pdfHedge Funds and Financial Stability: The State of the DebateMichael R. KingPhilipp MaierSeptember 2007GG1G15G18G2A Note on Contestability in the Canadian Banking Industry
https://www.bankofcanada.ca/2007/08/discussion-paper-2007-7/
The authors examine the degree of contestability in the Canadian banking system using the H-statistic proposed by Panzar and Rosse (1987) and modified by Bikker, Spierdijk, and Finnie (2006). A modification is necessary because the standard approach of controlling for size using total assets leads to an upward bias in the H-statistic. The authors propose […]2007-08-13T16:11:00+00:00enA Note on Contestability in the Canadian Banking Industry2007-08-13Financial institutionsDiscussion Paper 2007-7https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-7.pdfA Note on Contestability in the Canadian Banking IndustryJason AllenYing LiuAugust 2007GG2G21LL1L11Unanticipated Defaults and Losses in Canada's Large-Value Payments System, Revisited
https://www.bankofcanada.ca/2007/06/discussion-paper-2007-5/
Recent work at the Bank of Canada studied the impact of default in Canada’s large-value payments system, and concluded that participants could readily manage their potential losses (McVanel 2005). In an extension of that work, the authors use a much larger set of daily payments data – with three times as many observations – to […]2007-06-13T09:41:43+00:00enUnanticipated Defaults and Losses in Canada's Large-Value Payments System, Revisited2007-06-13Financial institutionsPayment clearing and settlement systemsDiscussion Paper 2007-5https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-5.pdfUnanticipated Defaults and Losses in Canada’s Large-Value Payments System, RevisitedDevin BallWalter EngertJune 2007EE4E44E47GG2G21Vulnerabilities in Defined-Benefit Pension Plans
https://www.bankofcanada.ca/2007/05/discussion-paper-2007-3/
An effective pension system enhances economic and financial efficiency. A majority of pension plans in Canada are defined-benefit (DB) plans, but DB plans are under stress from increasing longevity, low long-term interest rates, and the shrinking equity premium. DB plans are vulnerable to such shocks because they are complex financial vehicles, with interdependencies not fully […]2007-05-11T11:03:05+00:00enVulnerabilities in Defined-Benefit Pension Plans2007-05-11Financial institutionsDiscussion Paper 2007-3https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-3.pdfVulnerabilities in Defined-Benefit Pension PlansJack SelodyMay 2007GG2G23Modelling Payments Systems: A Review of the Literature
https://www.bankofcanada.ca/2007/04/working-paper-2007-28/
Payments systems play a fundamental role in an economy by providing the mechanisms through which payments arising from transactions can be settled. The existing literature on the economics of payments systems is large but loosely organized, in that each model uses a distinct set-up and sometimes a distinct equilibrium concept.2007-04-04T12:47:00+00:00enModelling Payments Systems: A Review of the Literature2007-04-04Payment clearing and settlement systemsWorking Paper 2007-28 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-28.pdfModelling Payments Systems: A Review of the LiteratureJonathan ChiuAlexandra LaiApril 2007EE4E42E5E58GG2G21Best Instruments for Market Discipline in Banking
https://www.bankofcanada.ca/2007/02/working-paper-2007-9/
The author develops a dynamic model of banking competition to determine which capital instrument is most effective in disciplining banks' risk choice. Comparisons are conducted between equity, subordinated debentures (SD), and uninsured deposits (UD) as funding sources.2007-02-09T11:19:52+00:00enBest Instruments for Market Discipline in Banking2007-02-09Financial institutionsWorking Paper 2007-9 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-9.pdfBest Instruments for Market Discipline in BankingGreg CaldwellFebruary 2007GG2G21G28