ElasticSearch Score: 10.416181
Most financial markets allow investors to submit both limit and market orders, but it is not always clear what affects the choice of order type.
ElasticSearch Score: 10.016725
This paper examines the behaviour of the Canadian dollar from 1997 to 1999 to see if there is any evidence of excess volatility or significant overshooting. A small econometric model of the exchange rate, based on market fundamentals, is presented and used to make tentative judgments about the extent to which the currency might have been systematically over- or undervalued.
ElasticSearch Score: 9.940496
Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries.
ElasticSearch Score: 9.445516
In this paper, we develop a theoretical model which identifies four channels–import prices, competition with domestic suppliers and workers, and commodity prices–through which price- and wage-setting conditions in country j may affect inflation in country i.
ElasticSearch Score: 9.283749
March 16, 2008
Cover Page
Canada's First Coinage
Photography by Gord Carter, Ottawa.
ElasticSearch Score: 8.775898
The authors examine the impact of the recent run-up in energy and non-energy commodity prices on the Canadian dollar. Using the Bank of Canada's exchange rate equation, they find that the differences between the actual value of the Canadian exchange rate and the simulated values observed in 2007 are not historically large. Still, given that […]
ElasticSearch Score: 8.708898
There is widespread agreement that, in the United States, higher house prices raise consumption via collateral or possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy transmission.
ElasticSearch Score: 8.592221
The author explores the role of governance mechanisms as a means of reducing financial fragility. First, he develops a simple theoretical general-equilibrium model in which instability arises due to an agency problem resulting from a conflict of interest between the borrower and lender.
ElasticSearch Score: 8.573314
Traders using the electronic limit order book in the foreign exchange market can watch the posted price and depth of the best quotes change over the day.
ElasticSearch Score: 8.5504465
The recent crisis has underlined the importance of sound bank liquidity management. In response, regulators are devising new liquidity standards with the aim of making the financial system more stable and resilient. In this paper, the authors analyse the impact of liquid asset holdings on bank profitability for a sample of large U.S. and Canadian banks.