June 2, 2006
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2328
result(s)
The International Monetary Fund's Balance-Sheet and Credit Risk
Staff Working Paper 2006-21
Ryan Felushko,
Eric Santor
The authors examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International topics
JEL Code(s):
F,
F3
Examining the Trade-Off between Settlement Delay and Intraday Liquidity in Canada's LVTS: A Simulation Approach
Staff Working Paper 2006-20
Neville Arjani
The author explores a fundamental trade-off that occurs between settlement delay and intraday liquidity in the daily operation of large-value payment systems (LVPS), with specific application to Canada's Large Value Transfer System (LVTS).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E47,
G,
G2,
G21
Institutional Quality, Trade, and the Changing Distribution of World Income
Staff Working Paper 2006-19
Brigitte Desroches,
Michael Francis
Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
International topics
JEL Code(s):
F,
F1,
F11,
F15,
O,
O1,
O11,
P,
P4,
P48
Working Time over the 20th Century
Staff Working Paper 2006-18
Alexander Ueberfeldt
From 1870 to 2000, the workweek length of employed persons decreased by 41 per cent in industrialized countries.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Labour markets,
Productivity
JEL Code(s):
E,
E1,
E13,
E2,
E24,
O,
O1,
O11
Risk-Cost Frontier and Collateral Valuation in Securities Settlement Systems for Extreme Market Events
Staff Working Paper 2006-17
Alejandro García,
Ramazan Gençay
The authors examine how the use of extreme value theory yields collateral requirements that are robust to extreme fluctuations in the market price of the asset used as collateral.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
C,
C1,
G,
G0,
G1
Benchmark Index of Risk Appetite
Staff Working Paper 2006-16
Miroslav Misina
Changes in investors' risk appetite have been used to explain a variety of phenomena in asset markets.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Financial markets
JEL Code(s):
G,
G1,
G12
LVTS, the Overnight Market, and Monetary Policy
Staff Working Paper 2006-15
Nadja Kamhi
Operational events in the Large Value Transfer System (LVTS) almost always result in a disturbance of the regular flow of payments.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy implementation,
Payment clearing and settlement systems
JEL Code(s):
E,
E5
April 15, 2006
Issues in Inflation Targeting: A Summary of the Bank of Canada Conference Held 28-29 April 2005
The Bank of Canada's 2005 conference focused on two critical issues: price-level targets versus inflation targets, and the appropriate level of inflation. Session topics included new methodological approaches to examining the validity of the New Keynesian Phillips curve for Canada; the monetary policy implications of border effects and the financial-accelerator model; the zero lower bound on nominal interest rates; and inflation and welfare in general-equilibrium macroeconomic models. A panel of invited speakers discussed the issues of each session, and two distinguished speakers gave their perspectives on inflation.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Inflation and prices,
Inflation targets,
Monetary policy framework
April 14, 2006
Trends in Retail Payments and Insights from Public Survey Results
While the volume and value of bank notes have continued to increase, the use of cash as a payment method has been affected by the growing use of electronic alternatives. Taylor reports on a 2004 Bank of Canada survey of consumers' payment habits and their perceptions of cash and its alternatives, including their confidence in the security of bank notes. Analysis of the survey results shows that numerous factors affect the demand for bank notes, including income, age, education, gender, the use of debit and credit cards, and the perceived convenience of cash. Taylor also includes a report on the construction of a bank note confidence index that will serve as a benchmark for future surveys.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Bank notes