Posts

• November 14, 2007

  Canada & Ontario in the Global Economy: Challenges in a Changing World

  Presentation Paul Jenkins Ontario Economic Summit

  Content Type(s): Press, Speeches and appearances, Presentations
• November 7, 2007

  Developing a Framework to Assess Financial Stability

  Conference held on 7 and 8 November 2007 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• November 6, 2007

  North America in Today's Global Economic Setting

  Remarks Paul Jenkins Canadian Association of New York New York, New York

  In recent months, much has been said, and written, about developments in financial markets. The turbulence in global credit markets, which had its roots in developments in the market for subprime mortgages here in the United States, has been a focal point of attention for market participants and policy-makers around the world.

  Content Type(s): Press, Speeches and appearances, Remarks

• Expenditure-Switching Effect and the Choice of Exchange Rate Regime

  Staff Working Paper 2007-54 Wei Dong

  The author investigates the quantitative importance of the expenditure-switching effect by developing and estimating a structural sticky-price model nesting both producer currency pricing (PCP) and local currency pricing (LCP) settings.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rate regimes, International topics JEL Code(s): F, F3, F4

• Testing Uncovered Interest Parity: A Continuous-Time Approach

  Staff Working Paper 2007-53 Antonio Diez de los Rios, Enrique Sentana

  Nowadays researchers can choose the sampling frequency of exchange rates and interest rates.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Exchange rates JEL Code(s): F, F3, F31, G, G1, G15

• Where Does Price Discovery Occur in FX Markets?

  Staff Working Paper 2007-52 Chris D'Souza

  Trades in foreign exchange markets are initiated around the world and around the clock. This study illustrates that trades are more informative when initiated in a local country or in major foreign exchange centers like London and New York.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Financial markets, Market structure and pricing JEL Code(s): F, F3, F31, G, G1, G15
• October 25, 2007

  Forecasting Short-Term Economic Developments and the Role of Econometric Models

  Conference held on 25 and 26 October 2007 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops
• October 21, 2007

  Credit Market Turbulence and Policy Challenges Ahead

  Remarks David Dodge Institute of International Finance Washington, D.C.

  Given the Institute's membership and its focus on financial stability, I feel safe in saying that all of us here today watched this summer's turbulence in credit markets with interest, to put it mildly. What began in the spring as a repricing of credit risk turned into dislocations that have yet to fully run their course.

  Content Type(s): Press, Speeches and appearances, Remarks

• Price-Level Targeting and Stabilization Policy: A Review

  Staff Discussion Paper 2007-11 Steve Ambler

  The author surveys recent articles on the costs and benefits of price-level targeting versus inflation targeting, focusing on the benefits and costs of price-level targeting as a tool for stabilization policy. He reviews papers that examine how price-level targeting affects the short-run trade-off between output and inflation variability by influencing expectations of future inflation. The […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Monetary policy framework JEL Code(s): E, E3, E31, E32, E5, E52
• October 20, 2007

  Modern Central Banking: A Canadian Perspective

  Presentation Paul Jenkins HEC Montréal

  Content Type(s): Press, Speeches and appearances, Presentations