Héctor Pérez Saiz - Latest - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T15:24:18+00:00Emergency 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 2015GG0G01G2G21G28Public Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework
https://www.bankofcanada.ca/2015/09/discussion-paper-2015-6/
The payments landscape in Canada is rapidly changing and will continue to evolve, fuelled by strong and persistent drivers. In Canada, the Canadian Payments Association (CPA) is on a path to modernize Canada’s core payment systems.2015-09-16T15:39:11+00:00enPublic Policy Objectives and the Next Generation of CPA Systems: An Analytical Framework2015-09-16Economic modelsFinancial servicesFinancial system regulation and policiesPayment clearing and settlement systemsDiscussion Paper 2015-6 https://www.bankofcanada.ca/wp-content/uploads/2015/09/dp2015-6.pdfPublic Policy Objectives and the Next Generation of CPA Systems: An Analytical FrameworkJames ChapmanJonathan ChiuSajjad JafriHéctor Pérez SaizSeptember 2015EE4E42LL1L14L15L5L52