G2 - Financial Institutions and Services - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:30:00+00:00Wait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment Steering
https://www.bankofcanada.ca/2016/02/staff-working-paper-2016-8/
Merchants who accept credit cards face payment processing fees. In most countries, the no-surcharge rule prohibits them from using surcharges to pass these fees on to customers.2016-02-29T14:44:40+00:00enWait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment Steering2016-02-29Bank notesMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2016-8https://www.bankofcanada.ca/wp-content/uploads/2016/02/swp2016-8.pdfWait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment SteeringAngelika WelteFebruary 2016DD1D12EE5E58GG2G28A Microfounded Design of Interconnectedness-Based Macroprudential Policy
https://www.bankofcanada.ca/2016/02/staff-working-paper-2016-6/
To address the challenges posed by global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision recommended an “additional loss absorbency requirement” for these institutions. Along these lines, I develop a microfounded design of capital surcharges that target the interconnectedness component of systemic risk.2016-02-25T10:43:21+00:00enA Microfounded Design of Interconnectedness-Based Macroprudential Policy2016-02-25Financial institutionsFinancial system regulation and policiesStaff Working Paper 2016-6https://www.bankofcanada.ca/wp-content/uploads/2016/02/swp2016-6.pdfA Microfounded Design of Interconnectedness-Based Macroprudential PolicyJose FiqueFebruary 2016DD8D82D85GG2G21G28To Share or Not to Share? Uncovered Losses in a Derivatives Clearinghouse
https://www.bankofcanada.ca/2016/02/staff-working-paper-2016-4/
This paper studies how the allocation of residual losses affects trading and welfare in a central counterparty. I compare loss sharing under two loss-allocation mechanisms – variation margin haircutting and cash calls – and study the privately and socially optimal degree of loss sharing.2016-02-23T08:09:14+00:00enTo Share or Not to Share? Uncovered Losses in a Derivatives Clearinghouse2016-02-23Economic modelsPayment clearing and settlement systemsStaff Working Paper 2014-6https://www.bankofcanada.ca/wp-content/uploads/2016/02/swp2016-4.pdfTo Share or Not to Share? Uncovered Losses in a Derivatives ClearinghouseRadoslav RaykovFebruary 2016GG1G19G2G21