Uncategorized
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August 25, 2015
The Long-Term Evolution of House Prices: An International Perspective
Deputy Governor Lawrence Schembri discusses the international evidence of underlying determinants of long-term movements in house prices. -
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August 18, 2015
Bank of Canada Announces the Recipient of its 2015 Law Enforcement Award of Excellence for Counterfeit Deterrence
This award, which has been presented since 2004, recognizes the outstanding achievements of criminal justice professionals and educators involved in the prevention and deterrence of bank note counterfeiting in Canada. -
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Cheap But Flighty: How Global Imbalances Create Financial Fragility
We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. -
Quantifying Contagion Risk in Funding Markets: A Model-Based Stress-Testing Approach
We propose a tractable, model-based stress-testing framework where the solvency risks, funding liquidity risks and market risks of banks are intertwined. -
August 6, 2015
Completion of Public Consultation: Draft Terms for Auctions of Government of Canada Ultra-Long Bonds
Following the release of the draft Terms for Auctions of Government of Canada Ultra-Long Bonds (proposal) by the Bank of Canada, a three-week consultation period, ending 10 July 2015, was held. -
Exchange Rate Pass-Through, Currency of Invoicing and Market Share
This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and importing firms.