Posts

• October 5, 2012

  Weekly Financial Statistics - 5 October 2012

  Content Type(s): Publications, Historical: Weekly Financial Statistics
• October 4, 2012

  Bank of Canada Calls for Nominations for the 2013 Fellowship and Governor’s Awards

  Media Relations Ottawa, Ontario

  The Bank of Canada calls for nominations for the 2013 Fellowship and Governor’s Awards.

  Content Type(s): Press, Press releases Source(s): Fellowship Program
• October 4, 2012

  A Measure of Work

  Remarks Tiff Macklem Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Senior Deputy Governor Tiff Macklem discusses labour markets in Canada.

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

• The Economic Value of Realized Volatility: Using High-Frequency Returns for Option Valuation

  Staff Working Paper 2012-34 Peter Christoffersen, Bruno Feunou, Kris Jacobs, Nour Meddahi

  Many studies have documented that daily realized volatility estimates based on intraday returns provide volatility forecasts that are superior to forecasts constructed from daily returns only. We investigate whether these forecasting improvements translate into economic value added.

  Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Econometric and statistical methods JEL Code(s): G, G1, G13

• Financial Conditions and the Money-Output Relationship in Canada

  Staff Working Paper 2012-33 Maral Kichian

  We propose a drifting-coefficient model to empirically study the effect of money on output growth in Canada and to examine the role of prevailing financial conditions for that relationship. We show that such a time-varying approach can be a useful way of modelling the impact of money on growth, and can partly reconcile the lack of concensus in the literature on the question of whether money affects growth.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Monetary aggregates JEL Code(s): E, E4, E44, E5, E51

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

  Staff Working Paper 2012-32 Ambrogio Cesa-Bianchi, M. Hashem Pesaran, Alessandro Rebucci, TengTeng Xu

  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.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Econometric and statistical methods, International topics, Recent economic and financial developments, Regional economic developments JEL Code(s): C, C3, C32, E, E3, E32, F, F4, F44, O, O5, O54

• The Evolution of Canada’s Global Export Market Share

  Staff Working Paper 2012-31 Daniel de Munnik, Jocelyn Jacob, Wesley Sze

  Following gains during the 1990s, Canada’s global market share of goods exports has declined markedly in recent years. In this regard, the constant market share analysis framework is used to decompose changes in Canada’s global market share into competitiveness and structural effects over the 1990‐2010 period, as well as to draw some comparisons to a number of other countries.

  Content Type(s): Staff research, Staff working papers Topic(s): Balance of payments and components, Exchange rates, International topics JEL Code(s): F, F1, F10, F14, F4, F43
• October 1, 2012

  Financial Intermediation and Vulnerabilities

  Bank of Canada 2012 Annual Conference.

  Content Type(s): Conferences and workshops
• October 1, 2012

  Statement by Canadian authorities on clearing of standardized OTC derivatives contracts

  In response to the economic and financial crisis, G-20 leaders initiated a reform of the over-the-counter (OTC) derivatives market in 2009 to improve transparency, mitigate systemic risk, and protect against market abuse.

  Content Type(s): Press, Market notices

• Canadian Bank Balance-Sheet Management: Breakdown by Types of Canadian Financial Institutions

  Staff Discussion Paper 2012-7 David Xiao Chen, H. Evren Damar, Hani Soubra, Yaz Terajima

  The authors document leverage, capital and liquidity ratios of banks in Canada. These ratios are important indicators of different types of risk with respect to a bank’s balance‐sheet management. Particular attention is given to the observations by different types of banks, including small banks that historically received less attention.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): G, G2, G21, G28