Financial institutions - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:45:05+00:00Residential Mortgage Securitization in Canada: A Review
https://www.bankofcanada.ca/wp-content/uploads/2015/12/fsr-december2015-mordel.pdf
Residential mortgage securitization plays an important role in the Canadian system of housing finance, especially given the rising share of government-supported (i.e., public) securitization over the past 15 years. Mordel and Stephens analyze the evolution of two types of mortgage securitization in Canada— private and public — focusing in particular on the underlying public policy and economic benefits of the latter. They review the potential implications of the extent of public securitization and conclude with a discussion of policies that could be considered to reinvigorate private securitization in Canada.2015-12-15T11:00:42+00:00enResidential Mortgage Securitization in Canada: A Review2015-12-15Emergency Liquidity Facilities, Signalling and Funding Costs
https://www.bankofcanada.ca/2015/12/staff-working-paper-2015-44/
In the months preceding the failure of Lehman Brothers in September 2008, banks were willing to pay a premium over the Federal Reserve’s discount window (DW) rate to participate in the much less flexible Term Auction Facility (TAF). We empirically test the predictions of a new signalling model that offers a rationale for offering two different liquidity facilities.2015-12-03T13:39:05+00:00enEmergency Liquidity Facilities, Signalling and Funding Costs2015-12-03Financial institutionsFinancial stabilityLender of last resortStaff Working Paper 2015-44https://www.bankofcanada.ca/wp-content/uploads/2015/12/wp2015-44.pdfEmergency Liquidity Facilities, Signalling and Funding CostsCéline GauthierAlfred LeharHéctor Pérez SaizMoez SouissiDecember 2015GG0G01G2G21G28