H - Public Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:15:04+00:00Alternative Futures for Government of Canada Debt Management
https://www.bankofcanada.ca/2018/12/staff-discussion-paper-2018-15/
This paper presents four blue-sky ideas for lowering the cost of the Government of Canada’s debt without increasing the debt’s risk profile. We argue that each idea would improve the secondary-market liquidity of government debt, thereby increasing the demand for government bonds and thus lowering their cost at issuance.2018-12-06T14:49:48+00:00enAlternative Futures for Government of Canada Debt Management2018-12-06Debt managementFinancial marketsMarket structure and pricingStaff Discussion Paper 2018-15https://www.bankofcanada.ca/wp-content/uploads/2018/12/sdp2018-15.pdfAlternative Futures for Government of Canada Debt ManagementCorey GarriottSophie LefebvreGuillaume NolinFrancisco RivadeneyraAdrian WaltonDecember 2018GG1G12G2G24HH6H63Government 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 2018GG1G10G2G20HH6H63Blockchain-Based Settlement for Asset Trading
https://www.bankofcanada.ca/2018/09/staff-working-paper-2018-45/
Can securities be settled on a blockchain and, if so, what are the gains relative to existing settlement systems? We consider a blockchain that ensures delivery versus payment by linking transfers of assets with payments and operates using a proof-of-work protocol. The main benefit of a blockchain is faster and more flexible settlement, whereas the challenge is to avoid settlement fails when participants fork the chain to get rid of trading losses.2018-09-07T14:55:48+00:00enBlockchain-Based Settlement for Asset Trading2018-09-07Digital currencies and fintechEconomic modelsFinancial marketsPayment clearing and settlement systemsStaff Working Paper 2018-45https://www.bankofcanada.ca/wp-content/uploads/2018/09/swp2018-45.pdfBlockchain-Based Settlement for Asset TradingJonathan ChiuThorsten KoepplSeptember 2018GG2HH4PP4P43Incentive Compatibility on the Blockchain
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-34/
A blockchain is a digital ledger that keeps track of a record of ownership without the need for a designated party to update and enforce changes to the record. The updating of the ledger is done directly by the users of the blockchain and is traditionally governed by a proof-of-work (PoW) protocol.2018-07-19T11:41:47+00:00enIncentive Compatibility on the Blockchain2018-07-19Digital currencies and fintechEconomic modelsPayment clearing and settlement systemsStaff Working Paper 2018-34https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-34.pdfIncentive Compatibility on the BlockchainJonathan ChiuThorsten KoepplJuly 2018GG2HH4PP4P43Sources of Borrowing and Fiscal Multipliers
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-32/
This paper finds that debt-financed government spending multipliers vary considerably depending on the location of the debt buyer. In a sample of 33 countries, we find that government spending multipliers are larger when government purchases are financed by issuing debt to foreign investors (non-residents), compared with when government purchases are financed by issuing debt to home investors (residents).2018-07-18T09:20:24+00:00enSources of Borrowing and Fiscal Multipliers2018-07-18Debt managementEconomic modelsFiscal policyInternational financial marketsStaff Working Paper 2018-32https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-32.pdfSources of Borrowing and Fiscal MultipliersRomanos PriftisSrecko ZimicJuly 2018EE2E6E62FF4F41HH3Housing Price Network Effects from Public Transit Investment: Evidence from Vancouver
https://www.bankofcanada.ca/2018/05/staff-working-paper-2018-18/
In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit network during the period 2001–11. We extend the canonical residential sorting equilibrium framework to include commuting time in the household utility function.2018-05-01T11:05:04+00:00enHousing Price Network Effects from Public Transit Investment: Evidence from Vancouver2018-05-01Asset pricingEconomic modelsHousingswp2018-18https://www.bankofcanada.ca/wp-content/uploads/2018/05/swp2018-18.pdfHousing Price Network Effects from Public Transit Investment: Evidence from VancouverAlex ChernoffAndrea CraigApril 2018HH4H41RR2R21R4R41The Government of Canada Debt Securities Data Set
https://www.bankofcanada.ca/2018/02/technical-report-112/
We present the daily time series of the outstanding amounts of all Government of Canada marketable debt securities from July 2001 to June 2017.2018-02-07T16:02:03+00:00enThe Government of Canada Debt Securities Data Set2018-02-07Debt managementEconometric and statistical methodsFinancial marketsTechnical Report 112https://www.bankofcanada.ca/wp-content/uploads/2018/02/tr112.pdfThe Government of Canada Debt Securities Data SetJeffrey GaoFrancisco RivadeneyraGabriel Rodriguez RondonFebruary 2018CC8C80GG1G10HH6H63