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The author documents the use by Canadian banks of subordinated debt (SD) as a capital instrument.

The consumer price index (CPI) is the most commonly used measure of inflation in Canada.

Over the past few years, the ability of the United States to finance its current account deficit has been facilitated by massive purchases of U.S.

The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period.

The analysis and forecasting of developments in the U.S. economy have always played a critical role in the formulation of Canadian economic and financial policy. Thus, the Bank places considerable importance on generating internal forecasts of U.S. economic activity as an input to the Canadian projection.

The authors develop and estimate an equilibrium-based model of the Canadian term structure of interest rates.

A new consistent test is proposed for the parametric specification of the diffusion function in a diffusion process without any restrictions on the functional form of the drift function.

The author provides a non-technical explanation of the role played by the exchange rate in Canada's inflation-targeting monetary policy.

Of particular concern to monetary policy-makers is the considerable unreliability of financial variables for predicting GDP growth and inflation.

The international business literature measures the link between the degree of internationalization (DOI) of a firm's activities and its performance.