Early Warning of Financial Stress Events: A Credit-Regime-Switching Approach Staff working paper 2016-21 Fuchun Li, Hongyu Xiao We propose an early warning model for predicting the likelihood of a financial stress event for a given future time, and examine whether credit plays an important role in the model as a non-linear propagator of shocks. Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Financial stability JEL Code(s): C, C1, C12, C14, G, G0, G01, G1, G17 Research Theme(s): Financial system, Financial stability and systemic risk, Models and tools, Econometric, statistical and computational methods
Retail Order Flow Segmentation Staff working paper 2016-20 Corey Garriott, Adrian Walton In August 2012, the New York Stock Exchange launched the Retail Liquidity Program (RLP), a trading facility that enables participating organizations to quote dark limit orders executable only by retail traders. Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, Financial system regulation and policies, Market structure and pricing JEL Code(s): G, G1, G14, G2, G20, L, L1, L10 Research Theme(s): Financial markets and funds management, Market functioning, Market structure
April 26, 2016 Slowing global trade growth signals new balance point, Governor Poloz says Media Relations New York, New York The slowdown in international trade growth seen over the past few years suggests that global exports have reached a new balance point and this weakness is not a sign of impending trouble, Bank of Canada Governor Stephen S. Poloz said today. In a speech to a meeting of Canadian and US securities industry associations in […] Content Type(s): Press, Press releases
April 26, 2016 A New Balance Point: Global Trade, Productivity and Economic Growth Remarks Stephen S. Poloz Investment Industry Association of Canada and Securities Industry and Financial Markets Association New York, New York Governor Stephen S. Poloz talks about slowing international trade growth and the implications for productivity and the global economy. Content Type(s): Press, Speeches and appearances, Remarks Research Topic(s): Business fluctuations and cycles, Firm dynamics, International topics, Productivity, Recent economic and financial developments, Trade integration Subject(s): Financial system, Financial markets, Monetary policy, Economic models, Economy/Economic growth