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817 Results

BoC–BoE Sovereign Default Database: Appendix and References

Technical Report No. 125 David Beers, Obiageri Ndukwe, Alex Charron
Since 2014, the Bank of Canada (BoC) has maintained a comprehensive database of sovereign defaults to systematically measure and aggregate the nominal value of the different types of sovereign government debt in default. The database is posted on the BoC’s website and is updated annually in partnership with the Bank of England (BoE).

Domestic and Multilateral Effects of Capital Controls in Emerging Markets

Using a novel data set on capital control actions in 17 emerging-market economies (EMEs) over the period 2001–11, we provide new evidence on domestic and multilateral (or spillover) effects of capital controls.

Banking Crises and Contagion: Empirical Evidence

Staff Working Paper 2003-1 Eric Santor
Recent events, such as the East Asian, Mexican, Scandinavian, and Argentinian crises, have sparked considerable interest in exploring how shocks experienced by one country can spread vis-à-vis real and nominal links to other countries' banking systems. Given the large costs associated with banking-system failures, both economists and policy-makers are interested in predicting the onset of banking crises and assessing the likelihood of contagion during crisis events.
Content Type(s): Staff research, Staff working papers Research Topic(s): International topics JEL Code(s): F, F3, F30, G, G2, G20
September 5, 2003

Spruce Meadows Roundtable

Remarks David Dodge Spruce Meadows Roundtable Spruce Meadows, Alberta
Canada's reliance on foreign trade has required us to be active internationalists for decades. Louis Rasminsky, who went on to become Governor of the Bank of Canada, was one of Canada's delegates at the Bretton Woods Conference that led to the creation of the International Monetary Fund (IMF) and the World Bank. Rasminsky played an important role, formal and informal, at the talks.
September 13, 2006

Weathering Economic Shocks: The Importance of Flexibility

Remarks Paul Jenkins Vancouver Board of Trade Vancouver, British Columbia
First, I should explain what I mean by flexibility. As most of you are surely aware, the Bank of Canada has been openly discussing the importance of promoting policies that support economic efficiency, including financial system efficiency. Efficiency refers to the allocation of scarce economic resources to the most productive uses, in a cost-effective way.

China’s Emergence in the World Economy and Business Cycles in Latin America

The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of international business cycles to Latin America.
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