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Bank of Canada RSS Feedsen2024-03-28T19:26:24+00:00Modelling Payments Systems: A Review of the Literature
https://www.bankofcanada.ca/2007/04/working-paper-2007-28/
Payments systems play a fundamental role in an economy by providing the mechanisms through which payments arising from transactions can be settled. The existing literature on the economics of payments systems is large but loosely organized, in that each model uses a distinct set-up and sometimes a distinct equilibrium concept.2007-04-04T12:47:00+00:00enModelling Payments Systems: A Review of the Literature2007-04-04Payment clearing and settlement systemsWorking Paper 2007-28 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-28.pdfModelling Payments Systems: A Review of the LiteratureJonathan ChiuAlexandra LaiApril 2007EE4E42E5E58GG2G21Credit in a Tiered Payments System
https://www.bankofcanada.ca/2006/10/working-paper-2006-36/
Payments systems are typically characterized by some degree of tiering, with upstream firms (clearing agents) providing settlement accounts to downstream institutions that wish to clear and settle payments indirectly in these systems (indirect clearers).2006-10-01T16:47:09+00:00enCredit in a Tiered Payments System2006-10-01Financial institutionsFinancial servicesMarket structure and pricingPayment clearing and settlement systemsWorking Paper 2006-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-36.pdfCredit in a Tiered Payments SystemAlexandra LaiNikil ChandeSean O'ConnorOctober 2006GG2G21LL1L12L13L2L22Multinationals and Exchange Rate Pass-Through
https://www.bankofcanada.ca/2006/08/working-paper-2006-30/
The authors examine the impact of multinational enterprises (MNEs) on exchange rate pass-through in an environment where an MNE engages in Cournot (quantity) competition with domestic and foreign rivals.2006-08-05T16:01:34+00:00enMultinationals and Exchange Rate Pass-Through2006-08-05Economic modelsExchange ratesMarket structure and pricingWorking Paper 2006-30 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-30.pdfMultinationals and Exchange Rate Pass-ThroughAlexandra LaiOana SecrieruAugust 2006FF2F23LL1L16Ownership Concentration and Competition in Banking Markets
https://www.bankofcanada.ca/2006/03/working-paper-2006-7/
Many countries prohibit large shareholdings in their domestic banks.The authors examine whether such a restriction restrains competition in a duopolistic loan market. Blockholders may influence managers' output decisions by choosing capital structure, as in Brander and Lewis (1986).2006-03-05T12:43:08+00:00enOwnership Concentration and Competition in Banking Markets2006-03-05Financial institutionsFinancial servicesFinancial system regulation and policiesWorking Paper 2006-7 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-7.pdfOwnership Concentration and Competition in Banking MarketsAlexandra LaiRaphael SolomonMarch 2006GG2G21G28G3G32LL1L10Modelling Financial Instability: A Survey of the Literature
https://www.bankofcanada.ca/2002/05/working-paper-2002-12/
The magnitude and frequency of recent financial crises underscore the importance of understanding financial instability for the purpose of crisis prevention and crisis management.2002-05-01T12:10:27+00:00enModelling Financial Instability: A Survey of the Literature2002-05-01Financial institutionsFinancial marketsFinancial servicesWorking Paper 2002-12 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-12.pdfModelling Financial Instability: A Survey of the LiteratureAlexandra LaiMay 2002GG2G20G21G28The Effects of Bank Consolidation on Risk Capital Allocation and Market Liquidity
https://www.bankofcanada.ca/2002/02/working-paper-2002-5/
This paper investigates the effects of financial market consolidation on risk capital allocation in a financial institution and the implications for market liquidity in dealership markets. We show that an increase in financial market consolidation can have ambiguous effects on liquidity in foreign exchange and government securities markets.2002-02-01T17:39:47+00:00enThe Effects of Bank Consolidation on Risk Capital Allocation and Market Liquidity2002-02-01Financial institutionsFinancial marketsWorking Paper 2002-5 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-5.pdfThe Effects of Bank Consolidation on Risk Capital Allocation and Market LiquidityChris D'SouzaAlexandra LaiFebruary 2002GG2G28G3G31G34