F3 - International Finance - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T09:27:01+00:00Monetary Policy and Cross-Border Interbank Market Fragmentation: Lessons from the Crisis
https://www.bankofcanada.ca/2020/08/staff-working-paper-2020-34/
We present a two-country model featuring risky lending and cross-border interbank market frictions.2020-08-27T13:10:08+00:00enMonetary Policy and Cross-Border Interbank Market Fragmentation: Lessons from the Crisis2020-08-27Business fluctuations and cyclesCredit and credit aggregatesInternational financial marketsMonetary policy frameworkMonetary policy transmissionStaff Working Paper 2020-34https://www.bankofcanada.ca/wp-content/uploads/2020/08/swp2020-34.pdfStaff Working Paper 2020-34Tobias BlattnerJonathan SwarbrickAugust 2020EE4E44E5E52FF3F32F36BoC-BoE Sovereign Default Database: What’s New in 2020?
https://www.bankofcanada.ca/2020/06/staff-analytical-note-2020-13/
The Boc–BoE database of sovereign debt defaults, published and updated annually by the Bank of Canada and the Bank of England, provides comprehensive estimates of stocks of government obligations in default. The 2020 edition includes a new section examining the scale of domestic arrears in 2018.2020-06-30T09:00:41+00:00enBoC-BoE Sovereign Default Database: What’s New in 2020?2020-06-30BoC–BoE Sovereign Default Database: Methodology, Assumptions and Sources
https://www.bankofcanada.ca/2020/06/technical-report-117/
Until recently, few efforts have been made 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 (BoC) developed a comprehensive database of sovereign defaults that is posted on its website and updated in partnership with the Bank of England (BoE).2020-06-30T09:00:39+00:00enBoC–BoE Sovereign Default Database: Methodology, Assumptions and Sources2020-06-30Debt managementDevelopment economicsFinancial institutionsInternational financial marketsTechnical Report no 117https://www.bankofcanada.ca/wp-content/uploads/2020/06/tr117.pdfDavid BeersElliot JonesJohn WalshJune 2020FF3F34GG1G10G14G15Monetary Policy Independence and the Strength of the Global Financial Cycle
https://www.bankofcanada.ca/2020/06/staff-working-paper-2020-25/
We propose a new strength measure of the global financial cycle by estimating a regime-switching factor model on cross-border equity flows for 61 countries. We then assess how the strength of the global financial cycle affects monetary policy independence, which is defined as the response of central banks' policy interest rates to exogenous changes in inflation.2020-06-10T11:42:33+00:00enMonetary Policy Independence and the Strength of the Global Financial Cycle2020-06-10Business fluctuations and cyclesExchange rate regimesFinancial system regulation and policiesInternational financial marketsMonetary policyStaff Working Paper 2020-25https://www.bankofcanada.ca/wp-content/uploads/2020/06/swp2020-25.pdfMonetary Policy Independence and the Strength of the Global Financial CycleChristian FriedrichPierre GuérinDanilo Leiva-LeonJune 2020EE4E5FF3F32F4F42GG1G15G18Interest Rate Uncertainty as a Policy Tool
https://www.bankofcanada.ca/2020/04/staff-working-paper-2020-13/
We study a novel policy tool—interest rate uncertainty—that can be used to discourage inefficient capital inflows and to adjust the composition of external account between shortterm securities and foreign direct investment (FDI).2020-04-15T15:19:52+00:00enInterest Rate Uncertainty as a Policy Tool2020-04-15International financial marketsMonetary policy and uncertaintyMonetary policy frameworkStaff Working Paper 2020-13https://www.bankofcanada.ca/wp-content/uploads/2020/04/swp2020-13.pdfStaff Working Paper 2020-13Fabio GhironiGalip Kemal OzhanApril 2020EE3E32FF2F21F3F32GG1G15IMPACT: The Bank of Canada’s International Model for Projecting Activity
https://www.bankofcanada.ca/2020/03/technical-report-116/
We present the structure and features of the International Model for Projecting Activity (IMPACT), a global semi-structural model used to conduct projections and policy analysis at the Bank of Canada. Major blocks of the model are developed based on the rational error correction framework of Kozicki and Tinsley (1999), which allows the model to strike a balance between theoretical structure and empirical performance.2020-03-06T11:09:46+00:00enIMPACT: The Bank of Canada’s International Model for Projecting Activity2020-03-06Business fluctuations and cyclesEconometric and statistical methodsEconomic modelsInternational topicsTechnical Report 116https://www.bankofcanada.ca/wp-content/uploads/2020/03/tr116.pdfTechnical Report 116Patrick BlagraveClaudia GodboutJustin-Damien GuénetteRené LalondeNikita PerevalovMarch 2020CC6C68EE2E27E3E37FF0F01F3F32F4F47