G - Financial Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T15:17:51+00:00Capital Structure, Pay Structure and Job Termination
https://www.bankofcanada.ca/2016/03/staff-working-paper-2016-12/
We develop a model to analyze the link between financial leverage, worker pay structure and the risk of job termination. Contrary to the conventional view, we show that even in the absence of any agency problem among workers, variable pay can be optimal despite workers being risk averse and firms risk neutral.2016-03-22T11:27:10+00:00enCapital Structure, Pay Structure and Job Termination2016-03-22Financial institutionsLabour marketsStaff Working Paper 2016-12https://www.bankofcanada.ca/wp-content/uploads/2016/03/swp2016-12.pdfCapital Structure, Pay Structure and Job TerminationJason AllenJames R. ThompsonMarch 2016GG2G24JJ3J33Dating Systemic Financial Stress Episodes in the EU Countries
https://www.bankofcanada.ca/2016/03/staff-working-paper-2016-11/
This paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index.2016-03-18T08:34:32+00:00enDating Systemic Financial Stress Episodes in the EU Countries2016-03-18Business fluctuations and cyclesCentral bank researchEconometric and statistical methodsEconomic modelsFinancial marketsFinancial stabilityFinancial system regulation and policiesMonetary and financial indicatorsStaff Working Paper 2016-11https://www.bankofcanada.ca/wp-content/uploads/2016/03/swp2016-11.pdfDating Systemic Financial Stress Episodes in the EU CountriesBenjamin KlausTuomas PeltonenThibaut DupreyMarch 2016CC5C54GG0G01G1G15Measuring Systemic Risk Across Financial Market Infrastructures
https://www.bankofcanada.ca/2016/03/staff-working-paper-2016-10/
We measure systemic risk in the network of financial market infrastructures (FMIs) as the probability that two or more FMIs have a large credit risk exposure to the same FMI participant.2016-03-15T08:37:05+00:00enMeasuring Systemic Risk Across Financial Market Infrastructures2016-03-15Econometric and statistical methodsFinancial stabilityPayment clearing and settlement systemsStaff Working Paper 2016-10https://www.bankofcanada.ca/wp-content/uploads/2016/03/swp2016-10.pdfMeasuring Systemic Risk Across Financial Market InfrastructuresFuchun LiHéctor Pérez SaizMarch 2016CC5C58GG2G21G23A Framework in Search of an Optimal Margining Policy for Official Institutions: The Canadian Experience
https://www.bankofcanada.ca/2016/03/staff-discussion-paper-2016-9/
One of the main outcomes of the global financial crisis has been a series of new regulations imposed on the financial system and specifically on banks.2016-03-11T14:29:36+00:00enA Framework in Search of an Optimal Margining Policy for Official Institutions: The Canadian Experience2016-03-11Financial marketsForeign reserves managementStaff Discussion Paper 2016-9https://www.bankofcanada.ca/wp-content/uploads/2016/03/sdp2016-9.pdfA Framework in Search of an Optimal Margining Policy for Official Institutions: The Canadian ExperienceTomo NakashimaMihai CosmaBoran PlongMarch 2016GG3G32Canadian Repo Market Ecology
https://www.bankofcanada.ca/2016/03/staff-discussion-paper-2016-8/
This is the first of the Financial Markets Department’s descriptions of Canadian financial industrial organization. The document discusses the organization of the repurchase-agreement (repo) market in Canada.2016-03-11T09:39:13+00:00enCanadian Repo Market Ecology2016-03-11Financial institutionsFinancial marketsFinancial system regulation and policiesMarket structure and pricingStaff Discussion Paper 2016-8https://www.bankofcanada.ca/wp-content/uploads/2016/03/sdp2016-8.pdfCanadian Repo Market EcologyCorey GarriottKyle GrayMarch 2016GG1G18G2G21G23The Dynamics of Capital Flow Episodes
https://www.bankofcanada.ca/2016/03/staff-working-paper-2016-9/
This paper proposes a novel methodology for identifying episodes of strong capital flows based on a regime-switching model. In comparison with the existing literature, a key advantage of our methodology is to estimate capital flow regimes without the need for context- and sample-specific assumptions.2016-03-10T10:34:27+00:00enThe Dynamics of Capital Flow Episodes2016-03-10Econometric and statistical methodsInternational financial marketsInternational topicsMonetary policy and uncertaintyStaff Working Paper 2016-9https://www.bankofcanada.ca/wp-content/uploads/2016/03/swp2016-9.pdfThe Dynamics of Capital Flow EpisodesChristian FriedrichPierre GuérinMarch 2016FF2F21F3F32GG1G11