Debt management - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T12:19:40+00:00The Cost of the Government Bond Buyback and Switch Programs in Canada
https://www.bankofcanada.ca/2018/12/staff-analytical-note-2018-41/
This note examines the costs of the Government of Canada bond buyback and switch programs between 1998 and 2016. Our analysis indicates that the auction design of the buyback program was effective in retiring government debt with minimal costs resulting from bid shading in auctions and price impact.2018-12-11T14:10:58+00:00enThe Cost of the Government Bond Buyback and Switch Programs in Canada2018-12-11Alternative 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 2018GG1G10G2G20HH6H63The Impact of Government Debt Supply on Bond Market Liquidity: An Empirical Analysis of the Canadian Market
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-35/
This paper finds that Government of Canada benchmark bonds tend to be more illiquid over the subsequent month when there is a large increase in government debt supply. The result is both statistically and economically significant, stronger for the long-term than the short-term sector, and is robust when other macro factors are controlled for.2018-07-24T16:16:15+00:00enThe Impact of Government Debt Supply on Bond Market Liquidity: An Empirical Analysis of the Canadian Market2018-07-24Asset pricingDebt managementFinancial marketsStaff Working Paper 2018-35https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-35.pdfThe Impact of Government Debt Supply on Bond Market Liquidity: An Empirical Analysis of the Canadian MarketJeffrey GaoJianjian JinJacob ThompsonJuly 2018DD5D53GG1G12G18G2G3G32Sources 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 2018EE2E6E62FF4F41HH3The BoC-BoE Sovereign Default Database Revisited: What’s New in 2018?
https://www.bankofcanada.ca/2018/07/staff-working-paper-2018-30/
Until recently, there have been few efforts to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. To help fill this gap, the Bank of Canada’s Credit Rating Assessment Group (CRAG) has developed a comprehensive database of sovereign defaults posted on the Bank of Canada’s website that now is updated in partnership with the Bank of England.2018-07-12T13:59:20+00:00enThe BoC-BoE Sovereign Default Database Revisited: What’s New in 2018?2018-07-12Debt managementDevelopment economicsFinancial stabilityInternational financial marketsStaff Working Paper 2018-30https://www.bankofcanada.ca/wp-content/uploads/2018/07/swp2018-30.pdfThe BoC-BoE Sovereign Default Database Revisited: What’s New in 2018?David BeersJamshid MavalwallaJuly 2018FF3F34GG1G10G14G15The 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