Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1330
result(s)
Bank Failures and Bank Fundamentals: A Comparative Analysis of Latin America and East Asia during the Nineties using Bank-Level Data
Staff Working Paper 2005-19
Marco Arena
The author develops the first comparative empirical study of bank failures during the nineties between East Asia and Latin America using bank-level data, in order to address the following two questions: (i) To what extent did individual bank conditions explain bank failures? (ii) Did mainly the weakest banks, in terms of their fundamentals, fail in the crisis countries?
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
G,
G2,
N,
N2
Lines of Credit and Consumption Smoothing: The Choice between Credit Cards and Home Equity Lines of Credit
Staff Working Paper 2005-18
Shubhasis Dey
The author models the choice between credit cards and home equity lines of credit (HELOCs) within a framework where consumers hold lines of credit as instruments of consumption smoothing across state and time.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates
JEL Code(s):
D,
D1,
D8,
D81
Risk Perceptions and Attitudes
Staff Working Paper 2005-17
Miroslav Misina
Changes in risk perception have been used in various contexts to explain shorter-term developments in financial markets, as part of a mechanism that amplifies fluctuations in financial markets, as well as in accounts of "irrational exuberance."
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Financial markets
JEL Code(s):
D,
D8,
D81,
D84,
G,
G1,
G12
Endogenous Central Bank Credibility in a Small Forward-Looking Model of the U.S. Economy
Staff Working Paper 2005-16
René Lalonde
The linkages between inflation and the economy's cyclical position are thought to be strongly affected by the credibility of monetary authorities.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Inflation and prices,
Monetary policy transmission
JEL Code(s):
C,
C3,
C32,
E,
E5,
E52
Learning-by-Doing or Habit Formation?
Staff Working Paper 2005-15
Hafedh Bouakez,
Takashi Kano
In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Economic models,
Labour markets
JEL Code(s):
C,
C5,
C52,
E,
E3,
E32,
J,
J2,
J22
Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries
Staff Working Paper 2005-14
Danny Leung,
Terence Yuen
The authors provide some of the first empirical evidence on labour market adjustments to exchange rate movements in Canadian manufacturing industries.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Labour markets
JEL Code(s):
E,
E2,
E23,
F,
F4
Efficiency and Economies of Scale of Large Canadian Banks
Staff Working Paper 2005-13
Jason Allen,
Ying Liu
The authors measure the economies of scale of Canada's six largest banks and their costefficiency over time. Using a unique panel data set from 1983 to 2003, they estimate pooled translog cost functions and derive measures of relative efficiency and economies of scale.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
C,
C3,
C33,
D,
D2,
D24,
G,
G2,
G21
Do Exchange Rates Affect the Capital-Labour Ratio? Panel Evidence from Canadian Manufacturing Industries
Staff Working Paper 2005-12
Danny Leung,
Terence Yuen
Using industry-level data for Canadian manufacturing industries from 1981 to 1997, the authors find empirical evidence of a negative relationship between the capital-labour ratio and the user cost of capital relative to the price of labour.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Productivity
JEL Code(s):
F,
F4
An Analysis of Closure Policy under Alternative Regulatory Structures
Staff Working Paper 2005-11
Greg Caldwell
The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
G,
G2,
G21,
G28