International financial markets - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:55:39+00:00Capital Flows to Developing Countries: Is There an Allocation Puzzle?
https://www.bankofcanada.ca/2016/11/staff-working-paper-2016-53/
Foreign direct investment inflows are positively related to growth across developing countries—but so are savings in excess of investment. I develop an explanation for this well-established puzzle by focusing on the limited availability of consumer credit in developing countries together with general equilibrium effects.2016-11-25T11:31:40+00:00enCapital Flows to Developing Countries: Is There an Allocation Puzzle?2016-11-25Foreign reserves managementInterest ratesInternational financial marketsStaff Working Paper 2016-53https://www.bankofcanada.ca/wp-content/uploads/2016/11/swp2016-53.pdfCapital Flows to Developing Countries: Is There an Allocation Puzzle?Josef SchrothNovember 2016EE1E13E2E21FF4F43Follow the Money: A Canadian Perspective on Financial Globalization
https://www.bankofcanada.ca/2016/11/follow-money-canadian-perspective-financial-globalization/
Deputy Governor Timothy Lane discusses the benefits and challenges of international capital mobility.2016-11-16T11:50:47+00:00Follow the Money: A Canadian Perspective on Financial Globalization2016-11-16Timothy LaneThe Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open Economies
https://www.bankofcanada.ca/2016/08/staff-working-paper-2016-38/
This paper analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open economies such as Canada. The paper starts by summarizing recent work on financial cycles and their growing correlation across borders.2016-08-12T12:39:29+00:00enThe Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open Economies2016-08-12Financial stabilityHousingInternational financial marketsMonetary policy frameworkStaff Working Paper 2016-38https://www.bankofcanada.ca/wp-content/uploads/2016/08/swp2016-38.pdfThe Global Financial Cycle, Monetary Policies and Macroprudential Regulations in Small, Open EconomiesGregory BauerGurnain PasrichaRodrigo SekkelYaz TerajimaAugust 2016EE4E42E43E44E5E52FF4F41Large Canadian Public Pension Funds: A Financial System Perspective
https://www.bankofcanada.ca/wp-content/uploads/2016/06/fsr-june2016-bedard-page.pdf
The authors review the eight largest public pension funds in Canada. These funds are an important source of retirement income for Canadians. They are also significant investors, with net assets under management of over $1 trillion. The authors outline the investment strategies of the funds and how they interact with financial institutions and participate in financial markets. They also discuss the ways in which the funds’ risk-management frameworks could contribute to financial system stability and how they minimize potential vulnerabilities.2016-06-09T10:30:21+00:00enLarge Canadian Public Pension Funds: A Financial System Perspective2016-06-09China’s Great Transition: What It Means for Canada
https://www.bankofcanada.ca/2016/04/china-great-transition-what-means-canada/
Senior Deputy Governor Carolyn Wilkins discusses the risks and opportunities for Canada of China’s economic transition.2016-04-05T15:45:51+00:00China’s Great Transition: What It Means for Canada2016-04-05Carolyn A. WilkinsThe 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 2016FF2F21F3F32GG1G11Limits to Arbitrage and Deviations from Covered Interest Rate Parity
https://www.bankofcanada.ca/2016/02/staff-discussion-paper-2016-4/
We document an increase in deviations from short-term covered interest rate parity (CIP) in the first half of 2015. Since the Swiss National Bank’s (SNB) decision to abandon its minimum exchange rate policy, both the magnitude and volatility of deviations from CIP have increased across several currency pairs. The effect is particularly pronounced for pairs involving the Swiss franc.2016-02-08T12:14:14+00:00enLimits to Arbitrage and Deviations from Covered Interest Rate Parity2016-02-08Exchange ratesInternational financial marketsStaff Discussion Paper 2016-4https://www.bankofcanada.ca/wp-content/uploads/2016/02/sdp2016-4.pdfLimits to Arbitrage and Deviations from Covered Interest Rate ParityJames PinningtonMaral ShamlooFebruary 2016FF3F31GG1G15Life After Liftoff: Divergence and U.S. Monetary Policy Normalization
https://www.bankofcanada.ca/2016/01/life-after-liftoff-divergence-u-s-monetary/
Governor Poloz talks about the global commodity price shock and how it is leading to economic and financial divergence.2016-01-07T08:11:40+00:00Life After Liftoff: Divergence and U.S. Monetary Policy Normalization2016-01-07Stephen S. Poloz