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296
result(s)
Linking Real Activity and Financial Markets: The Bonds, Equity, and Money (BEAM) Model
Staff Working Paper 2006-42
Céline Gauthier,
Fuchun Li
The authors estimate a small monthly macroeconometric model (BEAM, for bonds, equity, and money) of the Canadian economy built around three cointegrating relationships linking financial and real variables over the 1975–2002 period.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Financial stability
JEL Code(s):
C,
C5,
E,
E4
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
Ownership Concentration and Competition in Banking Markets
Staff Working Paper 2006-7
Alexandra Lai,
Raphael Solomon
Many countries prohibit large shareholdings in their domestic banks.The authors examine whether such a restriction restrains competition in a duopolistic loan market. Blockholders may influence managers' output decisions by choosing capital structure, as in Brander and Lewis (1986).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial services,
Financial system regulation and policies
JEL Code(s):
G,
G2,
G21,
G28,
G3,
G32,
L,
L1,
L10
An Empirical Analysis of Foreign Exchange Reserves in Emerging Asia
Staff Working Paper 2005-38
Marc-André Gosselin,
Nicolas Parent
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.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial stability,
International topics
JEL Code(s):
C,
C2,
C23,
F,
F3,
F31,
G,
G1,
G15
Pocket Banks and Out-of-Pocket Losses: Links between Corruption and Contagion
Staff Working Paper 2005-23
Raphael Solomon
The author describes a model with a corrupt banking system, in which bankers knowingly lend at market interest rates to back projects riskier than the market rate indicates.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial stability
JEL Code(s):
D,
D8,
D82,
G,
G1,
G19,
G2,
G21