September 5, 2007
Posts
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Estimating and Comparing the Implied Cost of Equity for Canadian and U.S. Firms
This paper estimates the implied cost of equity for Canadian and U.S. firms using a methodology based on the dividend discount model and utilizing firms' current stock price and analysts' forecasted earnings. -
August 27, 2007
The Bank of Canada's Research Agenda and the Future of Inflation Targeting
The last few weeks have been a time of turbulence in financial markets. In times such as these, it is common for people to focus on day-by-day or even hour-by-hour events, and to lose sight of the future. But tonight, I want to focus on the future; specifically, the future of inflation targeting in Canada. -
August 23, 2007
Bank of Canada Announces the Recipients of its 2007 Law Enforcement Award of Excellence for Counterfeit Deterrence
The Bank of Canada is pleased to announce the recipients of its 2007 Law Enforcement Award of Excellence for Counterfeit Deterrence. -
August 22, 2007
Bank of Canada Announces Appointment of Special Adviser
The Special Adviser position was created to bring additional perspectives to monetary policy discussions. -
August 21, 2007
Bank of Canada sees joint commitment by major Bank CEOs on bank-sponsored asset-backed commercial paper (ABCP) as positive step
The Bank of Canada continues to monitor the functioning of Canada's financial markets and to make liquidity available as required. The commitment by Canada's major bank CEO's to work together to support the performance and liquidity of the market for bank-sponsored asset-backed commercial paper (ABCP) is a further positive step to help re-establish well functioning […] -
Price-Level Targeting
In November 2006, the Bank of Canada announced its intention to lead a concerted research program over the next few years on the type of monetary policy framework that would best contribute to the economic well-being of Canadians in the decades ahead. The research will focus on two broad questions: whether economic welfare might be […] -
August 16, 2007
Bank of Canada welcomes initiatives to support the functioning of financial markets in Canada
The Bank of Canada welcomes the initiatives announced today to support the asset-backed commercial paper market in Canada. -
August 15, 2007
Bank of Canada Temporarily Expands List of Collateral Eligible for SPRA Transactions
As part of its continuing provision of liquidity in support of the efficient functioning of financial markets, the Bank of Canada announced today that it is temporarily expanding the list of collateral eligible for use by market participants in Special Purchase and Resale Agreements (SPRAs). -
A Note on Contestability in the Canadian Banking Industry
The authors examine the degree of contestability in the Canadian banking system using the H-statistic proposed by Panzar and Rosse (1987) and modified by Bikker, Spierdijk, and Finnie (2006). A modification is necessary because the standard approach of controlling for size using total assets leads to an upward bias in the H-statistic. The authors propose […]