July 22, 2004
Staff research, Publications
-
-
July 12, 2004
Business Outlook Survey - Summer 2004
Businesses are somewhat more optimistic about the outlook than they were in the spring, reflecting increased confidence about the robustness of the global economic recovery. -
Financial Market Imperfection, Overinvestment, and Speculative Precaution
The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into account the role their financial health plays in investment decisions. -
Regulatory Changes and Financial Structure: The Case of Canada
The author documents some stylized facts about the Canadian financial structure. He explores these empirical facts in the context of Canadian financial legislation and finds that, over the 1990s, Canadian businesses became more heavily dependent on financial markets as their primary source of external funding. -
Money Demand and Economic Uncertainty
The author examines the impact of economic uncertainty on the demand for money.