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284
result(s)
Network Analysis and Canada's Large Value Transfer System
Staff Discussion Paper 2009-13
Lana Embree,
Tom Roberts
Analysis of the characteristics and structure of a network of financial institutions can provide insight into the complex relationships and interdependencies that exist in a payment, clearing, and settlement system (PCSS), and allow an intuitive understanding of the PCSS's efficiency, stability, and resiliency.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
D,
D8,
D85,
G,
G1,
G10
Measures of Aggregate Credit Conditions and Their Potential Use by Central Banks
Staff Discussion Paper 2009-12
Alejandro García,
Andrei Prokopiw
Understanding the nature of credit risk has important implications for financial stability. Since authorities – notably, central banks – focus on risks that have systemic implications, it is crucial to develop ways to measure these risks.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Credit and credit aggregates,
Financial markets,
Financial stability
JEL Code(s):
G,
G1,
G10,
G12,
G13
A Financial Conditions Index for the United States
Staff Discussion Paper 2009-11
Kimberly Beaton,
René Lalonde,
Corinne Luu
The financial crisis of 2007–09 has highlighted the importance of developments in financial conditions for real economic activity. The authors estimate the effect of current and past shocks to financial variables on U.S. GDP growth by constructing two growthbased financial conditions indexes (FCIs) that measure the contribution to quarterly (annualized) GDP growth from financial conditions.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Business fluctuations and cycles,
Monetary and financial indicators,
Monetary conditions index,
Recent economic and financial developments
JEL Code(s):
E,
E3,
E32,
E4,
E44,
E47,
E5,
E51
Strengthening IMF Surveillance: An Assessment of Recent Reforms
Staff Discussion Paper 2009-10
Robert Lavigne,
Lawrence L. Schembri
The authors assess the potential impact of recently approved reforms to International Monetary Fund (IMF) surveillance; namely, the "2007 Decision on Bilateral Surveillance Over Members' Policies" and the "Statement of Surveillance Priorities" (SSP). They conclude that these complementary reforms have the potential to create a comprehensive and coherent framework for IMF surveillance. If implemented properly, […]
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics
JEL Code(s):
F,
F3,
F33
The Outlook for the Global Supply of Oil: Running on Faith?
Staff Discussion Paper 2009-9
Olivier Gervais,
Ilan Kolet
The dramatic reduction in global demand, and the decline in the spot price of crude oil in the second half of last year, may have significant implications for the future supply of oil. Investments in conventional methods of extraction have been constrained, since easily accessible oil reserves are typically concentrated in countries with geopolitical uncertainty and/or state-run oil companies.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Business fluctuations and cycles,
Inflation and prices,
International topics
JEL Code(s):
Q,
Q4,
Q41,
Q43
The Role of Convenience and Risk in Consumers' Means of Payment
Staff Discussion Paper 2009-8
Carlos Arango,
Varya Taylor
Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them more frequently.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Bank notes
JEL Code(s):
E,
E4,
E41,
L,
L2
Household Debt, Assets, and Income in Canada: A Microdata Study
Staff Discussion Paper 2009-7
Césaire Meh,
Yaz Terajima,
David Xiao Chen,
Thomas J. Carter
The authors use microdata from the 1999 and 2005 Surveys of Financial Security to identify changes in household debt, and discuss their potential implications for monetary policy and financial stability. They document an increase in the debt-income ratio, which rose from 0.75 to 0.95, on average.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Credit and credit aggregates,
Financial stability,
Productivity,
Sectoral balance sheet
JEL Code(s):
E,
E2,
E21,
E24
Assessing the Implementation of the IMF's 2007 Surveillance Decision
Staff Discussion Paper 2009-6
Robert Lavigne,
Garima Vasishtha
The International Monetary Fund (IMF) recently adopted the "2007 Decision on Bilateral Surveillance Over Members' Policies," a landmark reform that modernizes the general principles of IMF surveillance. However, support for the reform was not unanimous, and doubts have been expressed about how the Decision would be applied in practice. The authors assess the first year […]
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
International topics
JEL Code(s):
F,
F3,
F33
Are Commodity Prices Useful Leading Indicators of Inflation?
Staff Discussion Paper 2009-5
Calista Cheung
Commodity prices have increased dramatically and persistently over the past several years, followed by a sharp reversal in recent months. These large and persistent movements in commodity prices raise questions about their implications for global inflation. The process of globalization has motivated much debate over whether global factors have become more important in driving the […]
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Business fluctuations and cycles,
Economic models,
Inflation and prices,
International topics,
Monetary policy transmission
JEL Code(s):
E,
E3,
E5,
E52,
E58