Kim McPhail - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:12:53+00:00Excess Collateral in the LVTS: How Much is Too Much?
https://www.bankofcanada.ca/2003/11/working-paper-2003-36/
The authors build a theoretical model that generates demand for collateral by Large Value Transfer System (LVTS) participants under the assumption that they minimize the cost of holding and managing collateral for LVTS purposes. The model predicts that the optimal amount of collateral held by each LVTS participant depends on the opportunity cost of collateral, the transactions costs of acquiring assets used as collateral and transferring them in and out of the LVTS, and the distribution of an LVTS participant's payment flows in the LVTS.2003-11-02T15:45:22+00:00enExcess Collateral in the LVTS: How Much is Too Much?2003-11-02Financial institutionsPayment clearing and settlement systemsWorking Paper 2003-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-36.pdfExcess Collateral in the LVTS: How Much is Too Much?Kim McPhailAnastasia VakosNovember 2003EE4E44GG2G21Managing Operational Risk in Payment, Clearing, and Settlement Systems
https://www.bankofcanada.ca/2003/02/working-paper-2003-2/
Awareness of operational risk has increased greatly in recent years, both at individual financial institutions and for payment, clearing, and settlement systems (PCSS). PCSS consist of networks of interconnected elements (i.e., central operators, participants, and settlement agents); operational problems at any one of the key elements have the potential to disrupt the system as a whole and negatively affect financial stability.2003-02-01T15:49:31+00:00enManaging Operational Risk in Payment, Clearing, and Settlement Systems2003-02-01Financial institutionsPayment clearing and settlement systemsWorking Paper 2003-2 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-2.pdfManaging Operational Risk in Payment, Clearing, and Settlement SystemsKim McPhailFebruary 2003EE4E44GG2G21Evaluating the Quarterly Projection Model: A Preliminary Investigation
https://www.bankofcanada.ca/2002/08/working-paper-2002-20/
This paper summarizes the results of recent research evaluating the Bank of Canada's Quarterly Projection Model (QPM).2002-08-01T14:32:54+00:00enEvaluating the Quarterly Projection Model: A Preliminary Investigation2002-08-01Economic modelsWorking Paper 2002-20 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-20.pdfEvaluating the Quarterly Projection Model: A Preliminary InvestigationRobert AmanoKim McPhailHope PioroAndrew RennisonAugust 2002CC5C52EE1E17E3E30E37