E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T02:05:53+00:00Trading 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 2011EE6GG1Sovereign Default Risk Premia, Fiscal Limits and Fiscal Policy
https://www.bankofcanada.ca/2011/03/working-paper-2011-10/
We develop a closed economy model to study the interactions among sovereign risk premia, fiscal limits, and fiscal policy. The stochastic fiscal limits, which measure the ability and willingness of the government to service its debt, arise endogenously from a dynamic Laffer curve.2011-03-31T10:24:25+00:00enSovereign Default Risk Premia, Fiscal Limits and Fiscal Policy2011-03-31Fiscal policyInternational topicsWorking Paper 2011-10https://www.bankofcanada.ca/wp-content/uploads/2011/03/wp11-10.pdfSovereign Default Risk Premia, Fiscal Limits and Fiscal PolicyHuixin BiMarch 2011EE6E62HH3H30H6H60