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1293
result(s)
Endogenous Borrowing Constraints and Consumption Volatility in a Small Open Economy
Staff Working Paper 2006-37
Carlos De Resende
Consumption volatility relative to output volatility is consistently higher in emerging economies than in developed economies.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International topics
JEL Code(s):
F,
F3,
F32,
F34,
F4,
F41
Credit in a Tiered Payments System
Staff Working Paper 2006-36
Alexandra Lai,
Nikil Chande,
Sean O'Connor
Payments systems are typically characterized by some degree of tiering, with upstream firms (clearing agents) providing settlement accounts to downstream institutions that wish to clear and settle payments indirectly in these systems (indirect clearers).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial services,
Market structure and pricing,
Payment clearing and settlement systems
JEL Code(s):
G,
G2,
G21,
L,
L1,
L12,
L13,
L2,
L22
Survey of Price-Setting Behaviour of Canadian Companies
Staff Working Paper 2006-35
David Amirault,
Carolyn Kwan,
Gordon Wilkinson
In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices,
Monetary policy transmission
JEL Code(s):
D,
D4,
D40,
E,
E3,
E30,
L,
L1,
L11
The Macroeconomic Effects of Non-Zero Trend Inflation
Staff Working Paper 2006-34
Robert Amano,
Steve Ambler,
Nooman Rebei
The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Economic models,
Inflation and prices,
Inflation targets
JEL Code(s):
E,
E2,
E24,
E3,
E32
Are Canadian Banks Efficient? A Canada–U.S. Comparison
Staff Working Paper 2006-33
Jason Allen,
Walter Engert,
Ying Liu
The authors compare the efficiency of Canada's largest banks with U.S. commercial banks over the past 20 years. Efficiency is measured in three ways.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
C,
C3,
C33,
D,
D2,
D24,
G,
G2,
G21
Governance and the IMF: Does the Fund Follow Corporate Best Practice?
Staff Working Paper 2006-32
Eric Santor
The governance challenges facing the International Monetary Fund (IMF) are not simply limited to representation and voice, and the associated question of quota allocation.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International topics
JEL Code(s):
F,
F3
Assessing and Valuing the Non-Linear Structure of Hedge Fund Returns
Staff Working Paper 2006-31
Antonio Diez de los Rios,
René Garcia
Several studies have put forward the non-linear structure and option-like features of returns associated with hedge fund strategies.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial institutions
JEL Code(s):
C,
C1,
C5,
G,
G1
Multinationals and Exchange Rate Pass-Through
Staff Working Paper 2006-30
Alexandra Lai,
Oana Secrieru
The authors examine the impact of multinational enterprises (MNEs) on exchange rate pass-through in an environment where an MNE engages in Cournot (quantity) competition with domestic and foreign rivals.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Exchange rates,
Market structure and pricing
JEL Code(s):
F,
F2,
F23,
L,
L1,
L16
The Turning Black Tide: Energy Prices and the Canadian Dollar
Staff Working Paper 2006-29
Ramzi Issa,
Robert Lafrance,
John Murray
The authors revisit the relationship between energy prices and the Canadian dollar in the Amano and van Norden (1995) equation, which shows a negative relationship such that higher real energy prices lead to a depreciation of the Canadian dollar.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Exchange rates
JEL Code(s):
F,
F3,
F31