We propose an early warning model for predicting the likelihood of a financial stress event for a given future time, and examine whether credit plays an important role in the model as a non-linear propagator of shocks.
In August 2012, the New York Stock Exchange launched the Retail Liquidity Program (RLP), a trading facility that enables participating organizations to quote dark limit orders executable only by retail traders.
The slowdown in international trade growth seen over the past few years suggests that global exports have reached a new balance point and this weakness is not a sign of impending trouble, Bank of Canada Governor Stephen S. Poloz said today. In a speech to a meeting of Canadian and US securities industry associations in […]
When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China’s capital account and the financial integration that will unfold will be viewed as a milestone of similar importance.