Find Bank of Canada research by keyword, author, content type, JEL code, topic or date of publication.
Receive notification by email whenever new research is added to the website.
2338
result(s)
On the Amplification Role of Collateral Constraints
Staff Working Paper 2008-23
Caterina Mendicino
Following the seminal contribution of Kiyotaki and Moore (1997), the role of collateral constraints for business cycle fluctuations has been highlighted by several authors and collateralized debt is becoming a popular feature of business cycle models.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Credit and credit aggregates
JEL Code(s):
E,
E2,
E20,
E3,
E32
Information Shocks, Jumps, and Price Discovery - Evidence from the U.S. Treasury Market
Staff Working Paper 2008-22
George Jiang,
Ingrid Lo,
Adrien Verdelhan
We examine large price changes, known as jumps, in the U.S. Treasury market. Using recently developed statistical tools, we identify price jumps in the 2-, 3-, 5-, 10-year notes and 30-year bond during the period of 2005-2006.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets
JEL Code(s):
G,
G1,
G12,
G14
The Cost of Equity in Canada: An International Comparison
Staff Working Paper 2008-21
Jonathan Witmer
This paper calculates an implied cost of equity for 19 developed countries from 1991 to 2006. During this period, there has been a decline in the cost of equity of about 10-15 bps per year, which can be partially attributed to declining government yields and declining inflation.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
International topics
JEL Code(s):
G,
G3,
G30,
G38
The Effect of the Sarbanes-Oxley Act on CEO Pay for Luck
Staff Working Paper 2008-20
Teodora Paligorova
According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their control – get paid for luck.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Labour markets
JEL Code(s):
G,
G3,
G38,
J,
J3,
J33,
M,
M5,
M52
June 21, 2008
Financial Market Turmoil and Central Bank Intervention
In this article, we consider central bank intervention to address financial market turmoil with a focus on the questions of why, when, and how a central bank might intervene. We set out a policy framework and identify appropriate central bank instruments to respond to extraordinary financial market turmoil, consistent with central bank policy goals and functions.
Content Type(s):
Publications,
Financial System Review articles
June 21, 2008
A Model of Tiered Settlement Networks
Content Type(s):
Publications,
Financial System Review articles