G20 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T22:46:58+00:00Government of Canada Fixed-Income Market Ecology
https://www.bankofcanada.ca/2018/09/staff-discussion-paper-2018-10/
This discussion paper is the third in the Financial Markets Department’s series on the structure of Canadian financial markets. These papers are called “ecologies” because they study the interactions among market participants, infrastructures, regulations and the terms of the traded contract itself.2018-09-20T11:25:52+00:00enGovernment of Canada Fixed-Income Market Ecology2018-09-20Debt managementFinancial institutionsFinancial marketsFinancial servicesStaff Discussion Paper 2018-10https://www.bankofcanada.ca/wp-content/uploads/2018/09/sdp2018-10.pdfGovernment of Canada Fixed-Income Market EcologyLéanne Berger-SoucyCorey GarriottAndré UscheSeptember 2018GG1G10G2G20HH6H63Establishing a Resolution Regime for Canada’s Financial Market Infrastructures
https://www.bankofcanada.ca/wp-content/uploads/2018/06/fsr-june18-woodman.pdf
This report highlights how an effective resolution regime promotes financial stability. It does this by ensuring that financial market infrastructures (FMIs) would be able to continue to provide their critical functions during a period of stress when an FMI’s own recovery measures were failing. The report explains the Bank of Canada’s new role as the resolution authority for FMIs, which will further bolster financial system resilience.2018-06-07T11:17:49+00:00enEstablishing a Resolution Regime for Canada’s Financial Market Infrastructures2018-06-07How do Canadian Corporate Bond Mutual Funds Meet Investor Redemptions?
https://www.bankofcanada.ca/2018/05/staff-analytical-note-2018-14/
When investors redeem their fund shares for cash, fixed-income fund managers can choose whether to draw on their liquid holdings or sell bonds in the secondary market. We analyze the liquidity-management decisions of Canadian corporate bond mutual funds, focusing on the strategies they use to meet investor redemptions.2018-05-15T09:33:15+00:00enHow do Canadian Corporate Bond Mutual Funds Meet Investor Redemptions?2018-05-15Customer Liquidity Provision in Canadian Bond Markets
https://www.bankofcanada.ca/2018/05/staff-analytical-note-2018-12/
This analytical note assesses the prevalence of liquidity provision by institutional investors in Canadian bonds. We find that the practice is not prevalent in Canada. Customer liquidity provision is more prevalent for less liquid bonds, on days when liquidity is already expensive or when there are larger trading volumes. In our interpretation, Canadian dealers draw on customer liquidity as a supplementary source of liquidity and only when necessary, given its cost.2018-05-02T06:00:35+00:00enCustomer Liquidity Provision in Canadian Bond Markets2018-05-02Did Canadian Corporate Bond Funds Increase their Exposures to Risks?
https://www.bankofcanada.ca/2018/03/staff-analytical-note-2018-7/
Canadian corporate bond mutual funds have rapidly increased in number and size in recent years. Their holdings have also become riskier, increasing their exposures to credit risk, interest rate risk and liquidity risk. We also briefly discuss financial stability implications.2018-03-27T09:31:01+00:00enDid Canadian Corporate Bond Funds Increase their Exposures to Risks?2018-03-27High-Frequency Trading and Institutional Trading Costs
https://www.bankofcanada.ca/2018/02/staff-working-paper-2018-8/
Using data on Canadian bond futures, we examine how high-frequency traders (HFTs) interact with institutions building large positions. In contrast to recent findings, we find HFTs in the data act as small-sized liquidity suppliers, and we reject the hypothesis that they engage in back running, a predatory trading strategy.2018-02-09T12:17:58+00:00enHigh-Frequency Trading and Institutional Trading Costs2018-02-09Financial marketsFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2018-8https://www.bankofcanada.ca/wp-content/uploads/2018/02/swp2018-8.pdfHigh-Frequency Trading and Institutional Trading CostsMarie ChenCorey GarriottFebruary 2018GG1G14G2G20LL1L10Adverse Selection with Heterogeneously Informed Agents
https://www.bankofcanada.ca/2018/02/staff-working-paper-2018-7/
A model of over-the-counter markets is proposed. Some asset buyers are informed in that they can identify high quality assets. Heterogeneous sellers with private information choose what type of buyers they want to trade with.2018-02-08T07:38:17+00:00enAdverse Selection with Heterogeneously Informed Agents2018-02-08Economic modelsFinancial marketsFinancial stabilityFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2018-7https://www.bankofcanada.ca/wp-content/uploads/2018/02/swp2018-7.pdfAdverse Selection with Heterogeneously Informed AgentsMohammad DavoodalhosseiniFebruary 2018DD4D40D8D82D83GG0G01G1G10G2G20