Posts

• 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 articles Research 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 Stability Report
• 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

  Introduction Thank you for the invitation to be here today. I’m honoured to be part of this panel. It’s been more than seven years since the global financial crisis began, and we’re still coping with its aftermath. One of the consequences of the crisis has been a disruption of financial globalization. Global capital flows—to give […]

  Content Type(s): Press, Speeches and appearances, Remarks Research 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 and 9 June 2015 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• June 5, 2015

  Weekly Financial Statistics - 5 June 2015

  Content Type(s): Publications, Historical: 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 Research 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