Zahir Antia

Principal Analyst


Zahir Antia was appointed Principal Analyst in the Market Intelligence team in the Toronto office, effective 1 August 2016.

In this capacity, Mr. Antia develops and maintains relationships with members of the Toronto financial market community and provides the Bank with policy insights and analytic research on the potential impact of financial market developments to the Canadian economy and the regulatory environment.

Mr. Antia joined the Bank in 1998 as a Research Assistant in the International Department and then occupied increasingly senior positions in FMD. Before his current appointment, Mr. Antia was the Bank’s Senior Representative in the New York office.

Originally from Mumbai, India, Mr. Antia has a joint first class honours degree in business administration (finance) and economics from Simon Fraser University. He is a CFA charterholder and a certified financial risk manager.

Staff working papers

Canada's Exchange Rate Regime and North American Economic Integration: The Role of Risk-Sharing Mechanisms

Staff Working Paper 1999-17 Zahir Antia, Ramdane Djoudad, Pierre St-Amant
Our contribution in this paper is threefold. First, we survey the empirical literature on consumption smoothing mechanisms of regional economic shocks. Second, building on the work of Asdrubali et al. (1996), we present evidence on the role played by various smoothing mechanisms for specific economic shocks affecting Canadian provinces. Third, we assess whether smoothing mechanisms […]
Content Type(s): Staff research, Staff working papers Topic(s): Exchange rate regimes, Exchange rates JEL Code(s): F, F3, F33, F36, G, G1, G15

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Technical reports

International Financial Crises and Flexible Exchange Rates: Some Policy Lessons from Canada

Technical Report No. 88 John Murray, Mark Zelmer, Zahir Antia
This paper examines the behaviour of the Canadian dollar from 1997 to 1999 to see if there is any evidence of excess volatility or significant overshooting. A small econometric model of the exchange rate, based on market fundamentals, is presented and used to make tentative judgments about the extent to which the currency might have been systematically over- or undervalued.
Content Type(s): Staff research, Technical reports Topic(s): Exchange rate regimes, Exchange rates JEL Code(s): F, F3, F31

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