Staff discussion papers - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:20:55+00:00How Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data
https://www.bankofcanada.ca/2012/12/discussion-paper-2012-9/
Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained?2012-12-21T08:09:48+00:00enHow Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-Data2012-12-21Economic modelsSectoral balance sheetDiscussion Paper 2012-09https://www.bankofcanada.ca/wp-content/uploads/2012/12/dp2012-09.pdfHow Important Are Liquidity Constraints for Canadian Households? Evidence from Micro-DataUmar FaruquiSamah TorchaniDecember 2012CC3C35DD1D12D3D30Extracting Information from the Business Outlook Survey Using Statistical Approaches
https://www.bankofcanada.ca/2012/12/discussion-paper-2012-8/
Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. These consultations, summarized in the Business Outlook Survey (BOS), are structured around a survey questionnaire that covers topics of importance to the Bank, notably business activity, pressures on production capacity, prices and inflation, and credit conditions.2012-12-21T08:03:59+00:00enExtracting Information from the Business Outlook Survey Using Statistical Approaches2012-12-21Business fluctuations and cyclesRegional economic developmentsDiscussion Paper 2012-08https://www.bankofcanada.ca/wp-content/uploads/2012/12/dp2012-08.pdfExtracting Information from the Business Outlook Survey Using Statistical ApproachesLise PichetteDecember 2012CC4C43C8C82EE3E37Canadian Bank Balance-Sheet Management: Breakdown by Types of Canadian Financial Institutions
https://www.bankofcanada.ca/2012/09/discussion-paper-2012-7/
The authors document leverage, capital and liquidity ratios of banks in Canada. These ratios are important indicators of different types of risk with respect to a bank’s balance‐sheet management. Particular attention is given to the observations by different types of banks, including small banks that historically received less attention.2012-09-28T13:48:38+00:00enCanadian Bank Balance-Sheet Management: Breakdown by Types of Canadian Financial Institutions2012-09-28Financial institutionsFinancial stabilityFinancial system regulation and policiesDiscussion Paper 2012-7https://www.bankofcanada.ca/wp-content/uploads/2012/09/dp2012-07.pdfCanadian Bank Balance-Sheet Management: Breakdown by Types of Canadian Financial InstitutionsDavid Xiao ChenH. Evren DamarHani SoubraYaz TerajimaSeptember 2012GG2G21G28The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results
https://www.bankofcanada.ca/2012/09/discussion-paper-2012-6/
The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population.2012-09-07T13:02:11+00:00enThe Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results2012-09-07Bank notesFinancial servicesPayment clearing and settlement systemsDiscussion Paper 2012-6https://www.bankofcanada.ca/wp-content/uploads/2012/09/dp2012-06.pdfThe Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key ResultsCarlos ArangoAngelika WelteSeptember 2012EE4The U.S.-Dollar Supranational Zero-Coupon Curve
https://www.bankofcanada.ca/2012/06/discussion-paper-2012-5/
The author describes the construction of the U.S.-dollar-denominated zero-coupon curve for the supranational asset class from 1995 to 2010. He uses yield data from a crosssection of bonds issued by AAA-rated supranational entities to fit the Svensson (1995) term-structure model.2012-06-06T08:34:50+00:00enThe U.S.-Dollar Supranational Zero-Coupon Curve2012-06-06Asset pricingFinancial marketsDiscussion Paper 2012-5https://www.bankofcanada.ca/wp-content/uploads/2012/06/dp2012-05.pdfThe U.S.-Dollar Supranational Zero-Coupon CurveFrancisco RivadeneyraJune 2012GG1G12G15A Note on Central Counterparties in Repo Markets
https://www.bankofcanada.ca/2012/03/discussion-paper-2012-4/
The author introduces a central counterparty (CCP) into a model of a repo market. Without the CCP, there exist multiple equilibria in the model. In one of the equilibria, a repo market emerges as bond dealers and cash investors choose to arrange repos in an over-the-counter bond market.2012-03-09T09:49:54+00:00enA Note on Central Counterparties in Repo Markets2012-03-09Financial marketsFinancial stabilityPayment clearing and settlement systemsDicussion paper 2012-4https://www.bankofcanada.ca/wp-content/uploads/2012/03/dp2012-04.pdfA Note on Central Counterparties in Repo MarketsHajime TomuraMarch 2012GG2G24A Framework to Assess Vulnerabilities Arising from Household Indebtedness Using Microdata
https://www.bankofcanada.ca/2012/02/discussion-paper-2012-3/
Rising levels of household indebtedness have created concerns about the vulnerabilities of households to adverse economic shocks and the impact on financial stability. To assess these risks, the author presents a formal stress-testing framework that uses microdata to simulate how various economic shocks affect the distribution of the debt-service ratio (DSR) for the household sector.2012-02-28T14:14:33+00:00enA Framework to Assess Vulnerabilities Arising from Household Indebtedness Using Microdata2012-02-28Econometric and statistical methodsFinancial stabilityDiscussion Paper 2012-03https://www.bankofcanada.ca/wp-content/uploads/2012/02/dp2012-03.pdfA Framework to Assess Vulnerabilities Arising from Household Indebtedness Using MicrodataRamdane DjoudadFebruary 2012CC1C15C3C31DD1D14EE5E51Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey
https://www.bankofcanada.ca/2012/02/discussion-paper-2012-2/
The authors present key insights from the Bank of Canada’s 2009 Methods-of-Payment survey. In the survey, about 6,800 participants completed a questionnaire with detailed information regarding their personal finances, as well as their use and perceptions of different payment methods.2012-02-17T14:21:53+00:00enWhy Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey2012-02-17Bank notesFinancial servicesDiscussion Paper 2012-2https://www.bankofcanada.ca/wp-content/uploads/2012/02/dp2012-02.pdfWhy Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment SurveyCarlos ArangoDylan HoggAlyssa LeeFebruary 2012DD1D12EE4E41LL8L81A Foreign Activity Measure for Predicting Canadian Exports
https://www.bankofcanada.ca/2012/02/discussion-paper-2012-01/
The author constructs a measure of foreign activity that takes into account the composition of foreign demand for Canadian exports. It has a number of interesting features.2012-02-02T15:41:57+00:00enA Foreign Activity Measure for Predicting Canadian Exports2012-02-02Balance of payments and componentsExchange ratesRecent economic and financial developmentsDiscussion Paper 2012-01https://www.bankofcanada.ca/wp-content/uploads/2012/02/dp2012-01.pdfA Foreign Activity Measure for Predicting Canadian ExportsLouis MorelFebruary 2012EE0E00FF1F17