G0 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T01:09:36+00:00Interbank Asset-Liability Networks with Fire Sale Management
https://www.bankofcanada.ca/2020/09/staff-working-paper-2020-41/
Raising liquidity when funding is stressed creates pressure on the financial market. Liquidating large quantities of assets depresses their prices and may amplify funding shocks. How do banks weathering a funding crisis contribute to contagion risk?2020-09-28T14:30:46+00:00enInterbank Asset-Liability Networks with Fire Sale Management2020-09-28Financial stabilityFinancial system regulation and policiesPayment clearing and settlement systemsStaff Working Paper 2020-41https://www.bankofcanada.ca/wp-content/uploads/2020/09/swp2020-41.pdfStaff Working Paper 2020-41Zachary FeinsteinGrzegorz HalajSeptember 2020CC6C62C63C7C72GG0G01G1G11Canadian Financial Stress and Macroeconomic Conditions
https://www.bankofcanada.ca/2020/06/staff-discussion-paper-2020-4/
Severe disruptions in the financial markets, as observed during the 2008 global financial crisis or the COVID-19 pandemic, can impair the stability of the entire financial system and worsen macroeconomic downturns.2020-06-05T07:43:58+00:00enCanadian Financial Stress and Macroeconomic Conditions2020-06-05Central bank researchCoronavirus disease (COVID-19)Financial marketsFinancial stabilityMonetary and financial indicatorsStaff Discussion Paper 2020-4https://www.bankofcanada.ca/wp-content/uploads/2020/06/sdp2020-4.pdfCanadian Financial Stress and Macroeconomic ConditionsThibaut DupreyJune 2020CC3C32EE4E44GG0G01Learning, Equilibrium Trend, Cycle, and Spread in Bond Yields
https://www.bankofcanada.ca/2020/04/staff-working-paper-2020-14/
This equilibrium model explains the trend in long-term yields and business-cycle movements in short-term yields and yield spreads. The less-frequent inverted yield curves (and less-frequent recessions) after the 1990s are due to recent secular stagnation and procyclical inflation expectations.2020-04-16T09:34:26+00:00enLearning, Equilibrium Trend, Cycle, and Spread in Bond Yields2020-04-16Asset pricingFinancial marketsInterest ratesStaff Working Paper 2020-14https://www.bankofcanada.ca/wp-content/uploads/2020/04/swp2020-14.pdfStaff Working Paper 2020-14Guihai ZhaoApril 2020EE4E43GG0G00G1G12Managing GDP Tail Risk
https://www.bankofcanada.ca/2020/01/staff-working-paper-2020-3/
Models for macroeconomic forecasts do not usually take into account the risk of a crisis—that is, a sudden large decline in gross domestic product (GDP). However, policy-makers worry about such GDP tail risk because of its large social and economic costs.2020-01-28T13:48:10+00:00enManaging GDP Tail Risk2020-01-28Central bank researchEconomic modelsFinancial stabilityFinancial system regulation and policiesInterest ratesMonetary policyMonetary policy frameworkStaff Working Paper 2020-3https://www.bankofcanada.ca/wp-content/uploads/2020/01/swp2020-3.pdfManaging GDP Tail RiskThibaut DupreyAlexander UeberfeldtJanuary 2020DD8EE4E44E5E52E58GG0G01