Find Bank of Canada research by keyword, author, content type, JEL code, topic or date of publication.
Receive notification by email whenever new research is added to the website.
2435
result(s)
December 23, 2004
Bank of Canada Lender-of-Last-Resort Policies
The Bank of Canada has distinct roles as a lender of last resort. This article outlines how and under what circumstances the Bank can routinely provide liquidity to facilitate payment settlement, as well as the various ways it can respond in more exceptional situations.
Content Type(s):
Publications,
Financial System Review articles
Research Topic(s):
Financial stability,
Lender of last resort,
Payment clearing and settlement systems
December 23, 2004
A Survey of the Price-Setting Behaviour of Canadian Companies
To better understand price-setting behaviour in the Canadian economy, the Bank of Canada's regional offices surveyed a representative sample of 170 firms between July 2002 and March 2003. The authors discuss the reasons behind the survey, the methodology used to develop the questionnaire and conduct the interviews, and summarize the results. The study also assessed several explanations for holding prices steady despite market pressures for a change. The survey findings indicate that prices in Canada are relatively flexible and have become more flexible over the past decade. Price stickiness was generally found to originate in firms' fears of antagonizing customers or disturbing the goodwill or reputation developed with them. A detailed discussion of the results includes a consideration of their implications for monetary policy.
Content Type(s):
Publications,
Bank of Canada Review articles
Research Topic(s):
Inflation and prices,
Monetary policy transmission
December 20, 2004
The New International Monetary Order
Mark Carney, Senior Associate Deputy Minister, Department of Finance, Speech to the Toronto Society of Financial Analysts
Content Type(s):
Publications,
Bank of Canada Review articles
Trade Credit and Credit Rationing in Canadian Firms
Staff Working Paper 2004-49
Rose Cunningham
Burkart and Ellingsen's (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Credit and credit aggregates,
Financial markets
JEL Code(s):
G,
G1,
G14,
G2,
G21,
G3,
G32
An Empirical Analysis of the Canadian Term Structure of Zero-Coupon Interest Rates
Staff Working Paper 2004-48
David Bolder,
Adam Metzler,
Grahame Johnson
Zero-coupon interest rates are the fundamental building block of fixed-income mathematics, and as such have an extensive number of applications in both finance and economics.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Econometric and statistical methods,
Financial markets,
Interest rates
JEL Code(s):
C,
C0,
C6,
E,
E4,
G,
G1
The Monetary Origins of Asymmetric Information in International Equity Markets
Staff Working Paper 2004-47
Gregory Bauer,
Clara Vega
Existing studies using low-frequency data show that macroeconomic shocks contribute little to international stock market covariation.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial markets,
International topics,
Market structure and pricing
JEL Code(s):
F,
F3,
F30,
G,
G1,
G12,
G14,
G15
Une approche éclectique d'estimation du PIB potentiel pour le Royaume-Uni
Staff Working Paper 2004-46
Charles St-Arnaud
The author describes results obtained by using a new methodology to estimate potential output for the United Kingdom.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Potential output
JEL Code(s):
C,
C3,
C32,
E,
E2,
E23,
E3,
E32
Modelling the Evolution of Credit Spreads in the United States
Staff Working Paper 2004-45
Stuart Turnbull,
Jun Yang
The authors use Jarrow and Turnbull's (1995) reduced-form methodology to model the evolution of the term structure of interest rates in the United States for different credit classes and different industries.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial markets,
Market structure and pricing
JEL Code(s):
G,
G1,
G12,
G13