C11 - Bayesian Analysis: General
Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer SystemWe use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks.
Combining Canadian Interest-Rate ForecastsModel risk is a constant danger for financial economists using interest-rate forecasts for the purposes of monetary policy analysis, portfolio allocations, or risk-management decisions. Use of multiple models does not necessarily solve the problem as it greatly increases the work required and still leaves the question "which model forecast should one use?"
Multilateral Adjustment and Exchange Rate Dynamics: The Case of Three Commodity CurrenciesIn this paper, we empirically investigate whether multilateral adjustment to large U.S. external imbalances can help explain movements in the bilateral exchange rates of three commodity currencies – the Australian, Canadian and New Zealand (ACNZ) dollars.
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