March 29, 2007
Posts
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March 22, 2007
Spring 2007 Consultations – Views Sought on the Auction Plan for Real Return Bonds
A consultation document relating to the auction schedule for Real Return Bonds for the fiscal year 2007/08, prepared jointly by the Department of Finance and the Bank of Canada, is being made public today. -
March 22, 2007
Promoting Economic Flexibility: A Shared Responsibility
These remarks are based on a to the Vancouver Board of Trade, 13 September 2006. -
March 22, 2007
Spring 2007 Consultations Document
In view of the announcement in the Debt Management Strategy for 2007/08 of an increase in the issuance of Real Return Bonds (RRBs) to slightly over $2 billion, the Department of Finance and the Bank of Canada are seeking the views of institutional investors, government securities distributors, and other interested parties regarding the RRB auction plan. -
March 19, 2007
Summary of Comments - 2007/08 Debt Strategy Consultations
Today, a Summary of Comments on the Debt Strategy Consultations for 2007/08 is being published on the Bank's website in conjunction with the release of the government's Debt Management Strategy for 2007/08 on the Department of Finance website. -
March 19, 2007
Summary of Comments – 2007/08 Debt Strategy Consultations
In December 2006, officials from the Department of Finance and the Bank of Canada sought views from government securities distributors, institutional investors, and other interested parties on the state of the Government of Canada securities market in an environment of limited borrowing needs. -
Corporate Balance Sheets in Developed Economies: Implications for Investment
In this paper, the authors examine the aggregate national balance-sheets of non-financial corporations in Australia and the G7 countries with a view to assessing both their financial structure and their financial position. More importantly, the authors investigate whether the financial position of non-financial corporations (i.e., debt-to-equity ratio) is material to the economy's investment prospects and whether the importance of this channel differs depending on the structure of corporate financing i.e., bank-based or market-oriented financing structures. -
Order Aggressiveness and Quantity: How Are They Determined in a Limit Order Market?
Dealers trading in a limit order market must choose both the order aggressiveness and the quantity for their orders. We empirically investigate how dealers jointly make these decisions in the foreign exchange market using a unique simultaneous equations model. -
March 9, 2007
Bank of Canada Announces Research Fellowship for 2007
The Bank of Canada today announced that Professor Jean-Marie Dufour of the Université de Montréal is the recipient of the Bank's Research Fellowship for 2007. -
IMF-Supported Adjustment Programs: Welfare Implications and the Catalytic Effect
The author studies the welfare implications of adjustment programs supported by the International Monetary Fund (IMF). He uses a model where an endogenous borrowing constraint, set up by international lenders who will never lend more than a debt ceiling, forces the borrowing economy to always choose repayment over default.