Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1320
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
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
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
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
Topic(s):
Monetary aggregates
JEL Code(s):
E,
E4,
E41,
E5,
E50
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
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
Topic(s):
Interest rates,
International topics
JEL Code(s):
C,
C2,
C23,
E,
E4,
E43,
E44,
F,
F3,
F36
Financial Conditions Indexes for Canada
Staff Working Paper 2004-22
Céline Gauthier,
Christopher Graham,
Ying Liu
The authors construct three financial conditions indexes (FCIs) for Canada based on three approaches: an IS-curve-based model, generalized impulse-response functions, and factor analysis.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary and financial indicators,
Monetary conditions index
JEL Code(s):
E,
E4,
E44,
E5,
E52
Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation
Staff Working Paper 2004-21
Jeannine Bailliu,
Eiji Fujii
This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in monetary policy, results in a decline in the degree of pass-through of exchange rate movements to consumer prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Inflation and prices,
International topics
JEL Code(s):
E,
E3,
E31,
E4,
E42,
F,
F3,
F31
Commodity-Linked Bonds: A Potential Means for Less-Developed Countries to Raise Foreign Capital
Staff Working Paper 2004-20
Joseph Atta-Mensah
The author suggests that commodity-linked bonds could provide a potential means for less-developed countries (LDCs) to raise money on the international capital markets, rather than through standard forms of financing.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
Financial markets,
International topics
JEL Code(s):
F,
F3,
F30,
F34,
F4,
F49,
G,
G1,
G11,
G13,
O,
O1,
O16