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8737 Results

April 24, 2023

Annual Report 2022

The Annual Report outlines the Bank’s activities and achievements in 2022. It includes the financial statements and a message from Governor Tiff Macklem.
Content Type(s): Publications, Annual Report

Pricing Indefinitely Lived Assets: Experimental Evidence

Staff working paper 2023-25 John Duffy, Janet Hua Jiang, Huan Xie
We study the trading of an asset with bankruptcy risk. The traded price of the asset is, on average, 40% of the expected total dividend payments. We investigate which economic models can explain the low traded price.
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