Chris D'Souza

Principal Economist

Chris D’Souza is a Principal Economist in the Canadian Economic Analysis (CEA) Department. His research interests include corporate finance, banking and market microstructure. Chris holds a Ph.D. in Economics from Queen’s University.

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Chris D'Souza

Principal Economist
Canadian Economic Analysis
Regional Analysis

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

What Is Restraining Non-Energy Export Growth?

This note summarizes the key findings from Bank of Canada staff analytical work examining the reasons for the recent weakness in Canadian non-energy exports. Canada steadily lost market share in US non-energy imports between 2002 and 2017, mostly reflecting continued and broad-based competitiveness losses.
May 11, 2017

The Digital Economy

Digital technologies—cloud computing, the Internet of Things, advanced robotics, big data analytics, artificial intelligence and machine learning, social media, 3D printing, augmented reality, virtual reality, e-money and distributed ledgers—are transforming the way busi-nesses operate. How does this transformation compare with past industrial revolutions? How are digital technologies changing production systems across industries? Agile firms that use knowledge intensively and have high levels of both organizational and human capital appear set to realize the greatest benefits from digitalization. Finally, what are the implications for productivity, labour markets, inflation and monetary policy as we transition to the digital economy?
Content Type(s): Publications, Bank of Canada Review Article Topic(s): Firm dynamics, Monetary Policy, Productivity JEL Code(s): D, D2, D24, L, L1, L10, O, O1, O3, O33

Funding Advantage and Market Discipline in the Canadian Banking Sector

Staff Working Paper 2013-50 Mehdi Beyhaghi, Chris D'Souza, Gordon S. Roberts
We employ a comprehensive data set and a variety of methods to provide evidence on the magnitude of large banks’ funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the Canadian banks.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial Institutions, Interest rates JEL Code(s): G, G0, G01, G2, G21, G28, G3, G32, G33
June 11, 2009

Collateral Management in the LVTS by Canadian Financial Institutions

This article examines the incentives for banks to hold various assets on their balance sheets for use as collateral when the opportunity cost of doing so can be high. Focusing on the five-year period (2002-07) that preceded the financial crisis, it examines the choices made by financial institutions among the assets that are pledged as collateral in Canada's Large Value Transfer System. This serves as a baseline for collateral-management practices during relatively normal times. The results of this study are important for policy-makers, especially the Bank of Canada, which is concerned both about the efficient functioning of fixed-income markets and about the credit risk it ultimately bears in insuring LVTS settlement. The results suggest that relative market liquidity and market-making capacity are important factors in the choice of securities pledged as collateral in the LVTS.

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Other

Refereed Journals

Other Research

  • "How Liquid are Canadas?"
    (with C. Gaa), 2004, Canadian Investment Review, Winter, p. 23-28.
  • "How Do Banks Respond to Capital Shocks?"
    (with A. Lai), 2004, Monetaria, 27:1 p. 33-56.

Education

  • Ph.D, Queen's

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