F3 - International Finance - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:56:06+00:00The Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market Economies
https://www.bankofcanada.ca/2014/12/working-paper-2014-53/
The Federal Reserve’s path for withdrawal of monetary stimulus and eventually increasing interest rates could have substantial repercussions for capital flows to emerging-market economies (EMEs).2014-12-04T08:03:57+00:00enThe Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market Economies2014-12-04International topicsMonetary policy transmissionWorking Paper 2014-53https://www.bankofcanada.ca/wp-content/uploads/2014/12/wp2014-53.pdfThe Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market EconomiesTatjana DahlhausGarima VasishthaDecember 2014CC3C32EE5E52FF3F33F4F42The Effect of the Federal Reserve’s Tapering Announcements on Emerging Markets
https://www.bankofcanada.ca/2014/11/working-paper-2014-50/
The Federal Reserve’s quantitative easing (QE) program has been accompanied by a flow of funds into emerging-market economies (EMEs) in search of higher returns.2014-11-19T11:39:54+00:00enThe Effect of the Federal Reserve’s Tapering Announcements on Emerging Markets2014-11-19International financial marketsInternational topicsMonetary policy transmissionWorking Paper 2014-50https://www.bankofcanada.ca/wp-content/uploads/2014/11/wp2014-50.pdfThe Effect of the Federal Reserve’s Tapering Announcements on Emerging MarketsVikram RaiLena SuchanekNovember 2014CC3C33EE5E58FF3F32GG1G14Spillover Effects of Quantitative Easing on Emerging-Market Economies
https://www.bankofcanada.ca/wp-content/uploads/2014/11/boc-review-autumn14-lavigne.pdf
While quantitative easing (QE) in the United States likely increased capital flows to emerging-market economies (EMEs), putting upward pressure on asset prices and exchange rates, diverging fundamentals between advanced economies and EMEs were also important drivers. Evidence suggests that the benefits of QE to EMEs, in higher global demand and increased confidence, appear to outweigh the costs. When advanced economies begin to normalize monetary policy, the best defence for EMEs against any potential instability is likely to be further strengthening of their macroeconomic and financial policy frameworks.2014-11-13T08:36:36+00:00enSpillover Effects of Quantitative Easing on Emerging-Market Economies2014-11-13Predicting Financial Stress Events: A Signal Extraction Approach
https://www.bankofcanada.ca/2014/09/working-paper-2014-37/
The objective of this paper is to propose an early warning system that can predict the likelihood of the occurrence of financial stress events within a given period of time. To achieve this goal, the signal extraction approach proposed by Kaminsky, Lizondo and Reinhart (1998) is used to monitor the evolution of a number of economic indicators that tend to exhibit an unusual behaviour in the periods preceding a financial stress event.2014-09-04T09:14:36+00:00enPredicting Financial Stress Events: A Signal Extraction Approach2014-09-04Econometric and statistical methodsFinancial stabilityWorking Paper 2014-37https://www.bankofcanada.ca/wp-content/uploads/2014/09/wp2014-37.pdfPredicting Financial Stress Events: A Signal Extraction ApproachIan ChristensenFuchun LiAugust 2014CC1C14C4EE3E37E4E47FF3F36F37GG0G01G1G17Capital Flows and Macroprudential Policies - A Multilateral Assessment of Effectiveness and Externalities
https://www.bankofcanada.ca/2014/07/working-paper-2014-31/
This paper assesses the effectiveness and associated externalities that arise when macroprudential policies (MPPs) are used to manage international capital flows. Using a sample of up to 139 countries, we examine the impact of eight different MPP measures on cross-border bank flows over the period 1999-2009.2014-07-17T07:53:55+00:00enCapital Flows and Macroprudential Policies - A Multilateral Assessment of Effectiveness and Externalities2014-07-17Balance of payments and componentsFinancial marketsInternational topicsWorking Paper 2014-31https://www.bankofcanada.ca/wp-content/uploads/2014/07/wp2014-31.pdfCapital Flows and Macroprudential Policies - A Multilateral Assessment of Effectiveness and ExternalitiesJohn BeirneChristian FriedrichJuly 2014FF3F5GG0G01G1G11The Canadian Dollar as a Reserve Currency
https://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-pomorski.pdf
This article provides an overview of the growth of Canadian-dollar-denominated assets in official foreign reserves. Based on International Monetary Fund data and on internal Bank of Canada analysis, we estimate that the total reserve holdings of Canadian-dollar assets increased from negligible levels before 2008 to around US$200 billion in the third quarter of 2013. We discuss the determinants of this increase, as well as its potential impact on Canadian debt markets, for example, lower yields and therefore reduced financing costs for the Government of Canada, and the possible negative impact on market liquidity.2014-05-13T10:00:06+00:00enThe Canadian Dollar as a Reserve Currency2014-05-13Database of Sovereign Defaults, 2017
https://www.bankofcanada.ca/2014/02/technical-report-101/
Until recently, there have been few efforts to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. To help fill this gap, the Bank of Canada’s Credit Rating Assessment Group (CRAG) has developed a comprehensive database of sovereign defaults posted on the Bank of Canada’s website.2014-02-25T12:44:51+00:00enDatabase of Sovereign Defaults, 20172014-02-25Debt managementDevelopment economicsFinancial stabilityInternational financial marketsTechnical Report No.101 (Revised June 2016)https://www.bankofcanada.ca/wp-content/uploads/2016/06/r101-revised-june2017.pdfDatabase of Sovereign Defaults, 2016David BeersJamshid MavalwallaJune 2017FF3F34GG1G10G14G15