James Chapman - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T08:42:07+00:00Conference Summary: Financial Intermediation and Vulnerabilities
https://www.bankofcanada.ca/wp-content/uploads/2013/02/boc-review-winter-12-13-allen.pdf
The Bank of Canada’s annual economic conference, held in October 2012, brought together experts from across Canada and around the world to discuss key issues concerning financial intermediation and vulnerabilities. The conference covered such topics as household finances and their relationship to financial stability, as well as bank regulation, securitization and shadow banking.2013-02-21T10:30:03+00:00enConference Summary: Financial Intermediation and Vulnerabilities2013-02-21Liquidity Provision and Collateral Haircuts in Payments Systems
https://www.bankofcanada.ca/wp-content/uploads/2011/11/chapman.pdf
Central banks play a pivotal role in well-functioning payments systems by providing liquidity via collateralized lending. This article discusses the role of collateral and haircut policy in central bank lending, as well as the distinguishing features of the central bank’s policy relative to private sector practices. It presents a model that explicitly incorporates the unique role of central banks in the payments system and argues that central banks must consider how their haircut policies affect the relative price and liquidity of assets, the market’s asset allocation, and the likelihood of participants to default. Furthermore, under extraordinary circumstances, there is a rationale for the central bank to temporarily reduce haircuts or broaden the list of eligible collateral to mitigate the shortage of liquidity in the market.2011-11-17T10:28:10+00:00enLiquidity Provision and Collateral Haircuts in Payments Systems2011-11-17Payment Networks: A Review of Recent Research
https://www.bankofcanada.ca/wp-content/uploads/2011/02/chapman.pdf
In this article, the authors review work done at the Bank of Canada and at other central banks with the relatively new application of network analysis to the study of payments systems.2011-02-17T10:28:33+00:00enPayment Networks: A Review of Recent Research2011-02-17