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296
result(s)
Immigrants and Mortgage Delinquency in the United States
Staff Working Paper 2015-1
Zhenguo Lin,
Yingchun Liu,
Jia Xie
We investigate the relationship between immigrant status and mortgage delinquency in the United States.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Debt management,
Financial stability
JEL Code(s):
G,
G2,
G21,
J,
J1,
J15
Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?
Staff Working Paper 2014-58
Sami Alpanda,
Sarah Zubairy
In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Financial system regulation and policies,
Housing,
Monetary policy transmission
JEL Code(s):
E,
E5,
E52,
E6,
E62,
R,
R3,
R38
Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective
Staff Discussion Paper 2014-6
Stephen S. Poloz
This paper discusses how central banking is evolving in light of recent experience, with particular emphasis on the incorporation of uncertainty into policy decision-making.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Financial stability,
Monetary policy and uncertainty,
Monetary policy communications,
Monetary policy framework
JEL Code(s):
C,
C5,
C50,
E,
E3,
E37,
E5,
E6,
E61
Predicting Financial Stress Events: A Signal Extraction Approach
Staff Working Paper 2014-37
Ian Christensen,
Fuchun Li
The objective of this paper is to propose an early warning system that can predict the likelihood of the occurrence of financial stress events within a given period of time. To achieve this goal, the signal extraction approach proposed by Kaminsky, Lizondo and Reinhart (1998) is used to monitor the evolution of a number of economic indicators that tend to exhibit an unusual behaviour in the periods preceding a financial stress event.
Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment
Staff Discussion Paper 2014-4
Nicholas Labelle,
Varya Taylor
A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
C,
C1,
C15,
G,
G0,
G01,
G2,
G3
Information, Amplification and Financial Crisis
Staff Working Paper 2014-30
Ali Kakhbod,
Toni Ahnert
We propose a parsimonious model of information choice in a global coordination game of regime change that is used to analyze debt crises, bank runs or currency attacks. A change in the publicly available information alters the uncertainty about the behavior of other investors.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial stability
JEL Code(s):
D,
D8,
D83,
G,
G0,
G01
Filling in the Blanks: Network Structure and Interbank Contagion
Staff Working Paper 2014-26
Kartik Anand,
Ben Craig,
Goetz von Peter
The network pattern of financial linkages is important in many areas of banking and finance. Yet bilateral linkages are often unobserved, and maximum entropy serves as the leading method for estimating counterparty exposures.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial institutions,
Financial stability
JEL Code(s):
C,
C6,
C63,
D,
D8,
D85,
G,
G2,
G21,
L,
L1,
L14
Rollover Risk, Liquidity and Macroprudential Regulation
Staff Working Paper 2014-23
Toni Ahnert
I study rollover risk in the wholesale funding market when intermediaries can hold liquidity ex ante and are subject to fire sales ex post.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial system regulation and policies
JEL Code(s):
G,
G0,
G01,
G1,
G11,
G2,
G28
Interest on Cash, Fundamental Value Process and Bubble Formation on Experimental Asset Markets
Staff Working Paper 2014-18
Giovanni Giusti,
Janet Hua Jiang,
Yiping Xu
We study the formation of price bubbles on experimental asset markets where cash earns interest. There are two main conclusions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Asset pricing,
Financial markets,
Financial stability
JEL Code(s):
C,
C9,
C90,
G,
G1,
G10