Posts

• June 11, 2015

  Assessing Vulnerabilities in the Canadian Financial System

  Financial System Review - June 2015 Ian Christensen, Gitanjali Kumar, Césaire Meh, Lorie Zorn

  The authors present the four common cyclical vulnerabilities that appear in financial systems, providing examples of qualitative and quantitative indicators used to monitor these vulnerabilities across different sectors. They also discuss other inputs to the vulnerability assessment and to the internal process used at the Bank of Canada for identifying, evaluating and communicating vulnerabilities and risks, and highlight some of the key challenges in assessing financial system vulnerabilities and risks.

  Content Type(s): Publications, Financial System Review Article Topic(s): Financial stability JEL Code(s): G, G0, G01, G1, G10, G2, G20
• June 11, 2015

  Canadian Open-End Mutual Funds: An Assessment of Potential Vulnerabilities

  Financial System Review - June 2015 Sandra Ramirez, Jesus Sierra, Jonathan Witmer

  The authors examine the liquidity and leverage characteristics of Canadian long-term, open-end mutual funds in terms of their potential systemic effects on the Canadian mutual fund sector and on the Canadian financial system more broadly. In their overall assessment of this sector, they consider the regulation, market size and ownership structure of mutual funds in Canada and provide observations about the industry globally.

  Content Type(s): Publications, Financial System Review Article Topic(s): Financial Institutions, Financial markets JEL Code(s): G, G2, G23, G28
• June 11, 2015

  Financial System Review - June 2015

  

  The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The June 2015 issue features two reports summarizing recent work by Bank of Canada staff on specific financial sector policies.

  Content Type(s): Publications, Financial System Review
• June 8, 2015

  Panel remarks for round table discussion at the 21st Conference of Montréal

  Remarks Carolyn A. Wilkins 21st Conference of Montréal: International Economic Forum of the Americas Montréal, Quebec

  Content Type(s): Press, Speeches Topic(s): Credit risk management, Financial markets, Financial stability, Financial system regulation and policies, International financial markets, International topics
• June 8, 2015

  The underwhelming global post-crisis growth performance – determinants, effects and policy implications

  Workshop held on 8-9 June 2015 (papers in unedited, electronic format only)

  Content Type(s): Conference
• June 5, 2015

  Weekly Financial Statistics - 5 June 2015

  Content Type(s): Publications, Weekly Financial Statistics

• Testing for the Diffusion Matrix in a Continuous-Time Markov Process Model with Applications to the Term Structure of Interest Rates

  Staff Working Paper 2015-17 Fuchun Li

  The author proposes a test for the parametric specification of each component in the diffusion matrix of a d-dimensional diffusion process. Overall, d (d-1)/2 test statistics are constructed for the off-diagonal components, while d test statistics are constructed for the main diagonal components.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Asset Pricing, Econometric and statistical methods, Interest rates JEL Code(s): C, C1, C12, C14, E, E1, E17, E4, E43, G, G1, G12, G2, G20