G2 - Financial Institutions and Services - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T00:27:53+00:00Resolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-30/
Bank resolution is costly. In the United States, the Federal Deposit Insurance Corporation (FDIC) typically resolves failing banks by auction.2019-08-23T09:07:34+00:00enResolving Failed Banks: Uncertainty, Multiple Bidding & Auction Design2019-08-23Econometric and statistical methodsFinancial institutionsStaff Working Paper 2019-30https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-30.pdfResolving Failed Banks: Uncertainty, Multiple Bidding & Auction DesignJason AllenRobert ClarkBrent HickmanEric RichertAugust 2019CC5C57DD4D44GG2G21Flight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-29/
Deposit insurance protects depositors from failing banks, thus making insured deposits risk-free. When a deposit insurance limit is increased, some deposits that previously were uninsured become insured, thereby increasing the share of risk-free assets in households’ portfolios. This increase cannot simply be undone by households, because to invest in uninsured deposits, a household must first invest in insured deposits up to the limit. This basic insight is the starting point of the analysis in this paper.2019-08-15T07:54:52+00:00enFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation2019-08-15Financial institutionsFinancial system regulation and policiesStaff Working Paper 2019-29https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-29.pdfFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio AllocationH. Evren DamarReint GroppAdi MordelAugust 2019DD1D14GG2G21G28LL5L51Relative Value of Government of Canada Bonds
https://www.bankofcanada.ca/2019/08/staff-analytical-note-2019-23/
Government of Canada bonds in circulation that promise very similar payoffs can have different prices. We study the reason for these differences. Bonds that trade more often and earn high rental income in the repurchase agreement (repo) market tend to have higher prices. Bonds with longer tenors and times to maturity tend to have lower prices. This contrast between cheap and expensive bonds is important because trading volume and rental income can change rapidly, unlike tenor and time to maturity, which are stable.2019-08-02T06:00:27+00:00enRelative Value of Government of Canada Bonds2019-08-02