Kartik Anand - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:22:42+00:00The Safety of Government Debt
https://www.bankofcanada.ca/2013/10/working-paper-2013-34/
We examine the safety of government bonds in the presence of Knightian uncertainty amongst financial market participants. In our model, the information insensitivity of government bonds is driven by strategic complementarities across counterparties and the structure of trading relationships.2013-10-01T10:44:04+00:00enThe Safety of Government Debt2013-10-01Economic modelsFinancial stabilityInternational financial marketsWorking Paper 2013-34https://www.bankofcanada.ca/wp-content/uploads/2013/10/wp2013-34.pdfThe Safety of Government DebtKartik AnandPrasanna GaiOctober 2013DD8D81EE4E44FF0F02F4F41GG1G15The ‘Celtic Crisis’: Guarantees, Transparency and Systemic Liquidity Risk
https://www.bankofcanada.ca/2013/09/working-paper-2013-31/
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and prevent bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees are crucially intertwined with the sovereign’s funding risks.2013-09-05T10:50:21+00:00enThe ‘Celtic Crisis’: Guarantees, Transparency and Systemic Liquidity Risk2013-09-05Financial stabilityFinancial system regulation and policiesWorking Paper 2013-31https://www.bankofcanada.ca/wp-content/uploads/2013/09/wp2013-31.pdfThe ‘Celtic Crisis’: Guarantees, Transparency and Systemic Liquidity RiskPhilipp KönigKartik AnandFrank HeinemannSeptember 2013DD8D89GG0G01G2G28