Uninsurable Investment Risks
The authors study a general-equilibrium economy in which agents have the ability to invest in a risky technology.
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2441
result(s)
Monetary and Fiscal Policies in Canada: Some Interesting Principles for EMU?
Staff Working Paper 2004-28
Virginie Traclet
Choosing a well-designed framework for fiscal and monetary policies is a challenge for economic authorities.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Fiscal policy,
Monetary policy framework
JEL Code(s):
E,
E5,
E58,
E6,
E61,
E63
Financial Market Imperfection, Overinvestment, and Speculative Precaution
Staff Working Paper 2004-27
Christian Calmès
The author uses panel data to assess the sensitivity of investment to cash flow in non-financial firms, taking into account the role their financial health plays in investment decisions.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles
JEL Code(s):
D,
D9,
D92,
E,
E2,
E22,
E4,
E44,
G,
G3,
G33
Regulatory Changes and Financial Structure: The Case of Canada
Staff Working Paper 2004-26
Christian Calmès
The author documents some stylized facts about the Canadian financial structure. He explores these empirical facts in the context of Canadian financial legislation and finds that, over the 1990s, Canadian businesses became more heavily dependent on financial markets as their primary source of external funding.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Financial services,
Recent economic and financial developments
JEL Code(s):
G,
G2,
G20,
G21
Money Demand and Economic Uncertainty
Staff Working Paper 2004-25
Joseph Atta-Mensah
The author examines the impact of economic uncertainty on the demand for money.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Monetary aggregates
JEL Code(s):
E,
E4,
E41,
E5,
E50
June 23, 2004
Competition in Banking
Content Type(s):
Publications,
Financial System Review articles
Competition in Banking: A Review of the Literature
Staff Working Paper 2004-24
Carol Ann Northcott
The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market power is necessary for stability in the banking system.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Financial services,
Market structure and pricing
JEL Code(s):
G,
G2,
G21,
G28,
L,
L1,
L11,
L12,
L13,
L16
Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization
Staff Working Paper 2004-23
Denise Côté,
Christopher Graham
Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Interest rates,
International topics
JEL Code(s):
C,
C2,
C23,
E,
E4,
E43,
E44,
F,
F3,
F36