International financial markets - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T17:20:07+00:00Tractable Term Structure Models
https://www.bankofcanada.ca/2015/12/staff-working-paper-2015-46/
We introduce a new framework that facilitates term structure modeling with both positive interest rates and flexible time-series dynamics but that is also tractable, meaning amenable to quick and robust estimation.2015-12-14T09:07:38+00:00enTractable Term Structure Models2015-12-14Asset pricingInterest ratesInternational financial marketsInternational topicsMonetary policy and uncertaintyMonetary policy transmissionStaff Working Paper 2015-46https://www.bankofcanada.ca/wp-content/uploads/2015/12/wp2015-46.pdfTractable Term Structure ModelsBruno FeunouJean-Sébastien FontaineAnh LeChristian LundbladDecember 2015GG1G12Foreign Flows and Their Effects on Government of Canada Yields
https://www.bankofcanada.ca/2015/11/staff-analytical-note-2015-1/
Foreign investment flows into Government of Canada (GoC) bonds have surged since the financial crisis. Our empirical analysis suggests that foreign flows of $150 billion lowered the 10-year GoC bond yield by 100 basis points between 2009 and 2012.2015-11-12T15:07:40+00:00enForeign Flows and Their Effects on Government of Canada Yields2015-11-12Domestic and Multilateral Effects of Capital Controls in Emerging Markets
https://www.bankofcanada.ca/2015/10/working-paper-2015-37/
Using a novel data set on capital control actions in 17 emerging-market economies (EMEs) over the period 2001–11, we provide new evidence on domestic and multilateral (or spillover) effects of capital controls.2015-10-23T10:31:48+00:00enDomestic and Multilateral Effects of Capital Controls in Emerging Markets2015-10-23Econometric and statistical methodsFinancial system regulation and policiesInternational financial marketsInternational topicsMonetary policy frameworkWorking Paper 2015-37https://www.bankofcanada.ca/wp-content/uploads/2015/10/wp2015-37.pdfDomestic and Multilateral Effects of Capital Controls in Emerging MarketsGurnain PasrichaMatteo FalagiardaMartin BijsterboschJoshua AizenmanOctober 2015FF3F32F4F41F42GG1G15Building Trust, Not Walls: The Case for Cross-Border Financial Integration
https://www.bankofcanada.ca/2015/06/building-trust-not-walls-case-cross-border/
Deputy Governor Lawrence Schembri discusses the need to address cross-border obstacles to greater financial integration.2015-06-25T09:41:56+00:00Building Trust, Not Walls: The Case for Cross-Border Financial Integration2015-06-25Lawrence L. SchembriPanel remarks for round table discussion at the 21st Conference of Montréal
https://www.bankofcanada.ca/2015/06/panel-remarks-carolyn-wilkins-080615/
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 […]2015-06-08T16:15:37+00:00Panel remarks for round table discussion at the 21st Conference of Montréal2015-06-08Carolyn A. WilkinsA Wake-Up-Call Theory of Contagion
https://www.bankofcanada.ca/2015/04/working-paper-2015-14/
We propose a novel theory of financial contagion. We study global coordination games of regime change in two regions with an initially uncertain correlation of regional fundamentals.2015-04-20T16:15:51+00:00enA Wake-Up-Call Theory of Contagion2015-04-20Exchange ratesFinancial stabilityInternational financial marketsWorking Paper 2015-14https://www.bankofcanada.ca/wp-content/uploads/2015/04/wp2015-14.pdfA Wake-Up-Call Theory of ContagionChristoph BertschToni AhnertApril 2015DD8D82FF3GG0G01Euro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis
https://www.bankofcanada.ca/2015/04/working-paper-2015-13/
The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in spillovers) and flight-to-quality patterns, exploiting the heteroskedasticity of intraday changes in bond yields for identification.2015-04-20T12:53:07+00:00enEuro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis2015-04-20Asset pricingFinancial marketsInterest ratesInternational financial marketsWorking Paper 2015-13https://www.bankofcanada.ca/wp-content/uploads/2015/04/wp2015-13.pdfEuro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt CrisisMichael EhrmannMarcel FratzscherApril 2015EE5FF3GG1G15What Drives Bank-Intermediated Trade Finance? Evidence from Cross-Country Analysis
https://www.bankofcanada.ca/2015/02/working-paper-2015-8/
Empirical work on the underlying causes of the recent dislocations in bank-intermediated trade finance has been limited by the poor availability of hard data. This paper analyzes the key determinants of bank-intermediated trade finance using a novel data set covering ten banking jurisdictions.2015-02-17T12:32:23+00:00enWhat Drives Bank-Intermediated Trade Finance? Evidence from Cross-Country Analysis2015-02-17Econometric and statistical methodsInternational financial marketsInternational topicsWorking Paper 2015-8https://www.bankofcanada.ca/wp-content/uploads/2015/02/wp2015-8.pdfWhat Drives Bank-Intermediated Trade Finance? Evidence from Cross-Country AnalysisJose Maria SerenaGarima VasishthaFebruary 2015FF1F14F19Does Financial Integration Increase Welfare? Evidence from International Household-Level Data
https://www.bankofcanada.ca/2015/02/working-paper-2015-4/
Despite a vast empirical literature that assesses the impact of financial integration on the economy, evidence of substantial welfare gains from consumption risk sharing remains elusive. While maintaining the usual cross-country perspective of the literature, this paper explicitly accounts for household heterogeneity and thus relaxes three restrictive assumptions that have featured prominently in the past.2015-02-02T07:18:39+00:00enDoes Financial Integration Increase Welfare? Evidence from International Household-Level Data2015-02-02International financial marketsInternational topicsLabour marketsRecent economic and financial developmentsWorking Paper 2015-4https://www.bankofcanada.ca/wp-content/uploads/2015/02/wp2015-4.pdfDoes Financial Integration Increase Welfare? Evidence from International Household-Level DataChristian FriedrichFebruary 2015EE2E21FF3II3I31