March 29, 2016
Posts
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March 29, 2016
Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation
Bank of Canada Announces the Minimum Bid Rate for Today's Term Repo Operation. -
March 28, 2016
Bank of Canada Announces Details of its Term Repo Operations
The Bank of Canada announced today that it will conduct term repo operations. -
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Government Corruption and Foreign Direct Investment Under the Threat of Expropriation
Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors face the threat of expropriation. -
March 24, 2016
Annual Report 2015
The Annual Report provides an account of the Bank’s management, activities and achievements in 2015; it includes the financial statements and a message from Governor Stephen S. Poloz. -
March 24, 2016
The Bank of Canada Releases Its Annual Report for 2015
The Bank of Canada’s Annual Report for 2015 was tabled in the House of Commons today. -
Capital Structure, Pay Structure and Job Termination
We develop a model to analyze the link between financial leverage, worker pay structure and the risk of job termination. Contrary to the conventional view, we show that even in the absence of any agency problem among workers, variable pay can be optimal despite workers being risk averse and firms risk neutral. -
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Dating Systemic Financial Stress Episodes in the EU Countries
This paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index.