Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:27:49+00:00A Model of the EFA Liabilities
https://www.bankofcanada.ca/2011/12/discussion-paper-2011-11/
The authors describe the liabilities model of the Exchange Fund Account (EFA). The EFA is managed using an asset-liability matching framework that requires currency and duration matching of both sides of the balance sheet.2011-12-23T09:50:29+00:00enA Model of the EFA Liabilities2011-12-23Debt managementForeign reserves managementDiscussion Paper 2011-11https://www.bankofcanada.ca/wp-content/uploads/2011/12/dp2011-11.pdfA Model of the EFA LiabilitiesFrancisco RivadeneyraOumar DissouDecember 2011GG1G12G3G32Bank Leverage Regulation and Macroeconomic Dynamics
https://www.bankofcanada.ca/2011/12/working-paper-2011-32/
This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with monetary policy.2011-12-22T15:31:46+00:00enBank Leverage Regulation and Macroeconomic Dynamics2011-12-22Economic modelsFinancial institutionsFinancial system regulation and policiesMonetary policy frameworkMonetary policy transmissionWorking Paper 2011-32https://www.bankofcanada.ca/wp-content/uploads/2011/12/wp2011-32.pdfBank Leverage Regulation and Macroeconomic DynamicsIan ChristensenCésaire MehKevin MoranDecember 2011EE4E44E5E52GG2G21Do Low Interest Rates Sow the Seeds of Financial Crises?
https://www.bankofcanada.ca/2011/12/working-paper-2011-31/
A view advanced in the aftermath of the late-2000s financial crisis is that lower than optimal interest rates lead to excessive risk taking by financial intermediaries.2011-12-19T11:28:29+00:00enDo Low Interest Rates Sow the Seeds of Financial Crises?2011-12-19Financial system regulation and policiesMonetary policy transmissionWorking Paper 2011-31https://www.bankofcanada.ca/wp-content/uploads/2011/12/wp2011-31.pdfDo Low Interest Rates Sow the Seeds of Financial Crises?Simona CociubaMalik ShukayevAlexander UeberfeldtDecember 2011DD5D53EE4E44E5E52GG2G28Trading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery
https://www.bankofcanada.ca/2011/12/working-paper-2011-30/
We study the trading dynamics in an asset market where the quality of assets is private information of the owner and finding a counterparty takes time. When trading of a financial asset ceases in equilibrium as a response to an adverse shock to asset quality, a large player can resurrect the market by buying up lemons which involves assuming financial losses.2011-12-15T08:06:22+00:00enTrading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and Recovery2011-12-15Financial marketsFinancial stabilityWorking Paper 2011-30https://www.bankofcanada.ca/wp-content/uploads/2011/12/wp2011-30.pdfTrading Dynamics with Adverse Selection and Search: Market Freeze, Intervention and RecoveryJonathan ChiuThorsten KoepplDecember 2011EE6GG1Financial Frictions, Financial Shocks and Labour Market Fluctuations in Canada
https://www.bankofcanada.ca/2011/12/discussion-paper-2011-10/
What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates the model of Zhang (2011) – a standard monetary dynamic stochastic general-equilibrium model augmented with explicit financial and labour market frictions – with Canadian data for the period 1984Q2–2010Q4, and uses it to examine the importance of financial shocks on labour market fluctuations in Canada.2011-12-14T11:14:54+00:00enFinancial Frictions, Financial Shocks and Labour Market Fluctuations in Canada2011-12-14Economic modelsFinancial marketsLabour marketsDiscussion Paper 2011-10https://www.bankofcanada.ca/wp-content/uploads/2011/12/dp2011-10.pdfFinancial Frictions, Financial Shocks and Labour Market Fluctuations in CanadaYahong ZhangDecember 2011EE3E32E4E44JJ6Effectiveness of Capital Controls in India: Evidence from the Offshore NDF Market
https://www.bankofcanada.ca/2011/12/working-paper-2011-29/
This paper examines the effectiveness of international capital controls in India over time by analyzing daily return differentials in the non-deliverable forward (NDF) markets using the self-exciting threshold autoregressive (SETAR) methodology.2011-12-07T09:56:04+00:00enEffectiveness of Capital Controls in India: Evidence from the Offshore NDF Market2011-12-07Econometric and statistical methodsInternational financial marketsInternational topicsWorking Paper 2011-29https://www.bankofcanada.ca/wp-content/uploads/2011/12/wp2011-29.pdfEffectiveness of Capital Controls in India: Evidence from the Offshore NDF MarketMichael HutchisonGurnain PasrichaNirvikar SinghDecember 2011FF3F31F32GG1G15