February 20, 2015 Weekly Financial Statistics - 20 February 2015 Content Type(s): Publications, Historical: Weekly Financial Statistics
February 19, 2015 Inflation, Expectations and Monetary Policy Remarks Agathe Côté Association québécoise des technologies Mont-Tremblant, Quebec Deputy Governor Agathe Côté discusses the importance of inflation expectations for monetary policy and a new survey the Bank of Canada created to monitor household expectations. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Central bank research, Credibility, Inflation and prices, Inflation targets, Monetary and financial indicators, Recent economic and financial developments
Securitization under Asymmetric Information over the Business Cycle Staff Working Paper 2015-9 Martin Kuncl This paper studies the efficiency of financial intermediation through securitization in a model with heterogeneous investment projects and asymmetric information about the quality of securitized assets. I show that when retaining part of the risk, the issuer of securitized assets may credibly signal its quality. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Economic models, Financial markets, Financial stability, Financial system regulation and policies JEL Code(s): E, E3, E32, E4, E44, G, G0, G01, G2, G20
What Drives Bank-Intermediated Trade Finance? Evidence from Cross-Country Analysis Staff Working Paper 2015-8 Jose Maria Serena, Garima Vasishtha Empirical work on the underlying causes of the recent dislocations in bank-intermediated trade finance has been limited by the poor availability of hard data. This paper analyzes the key determinants of bank-intermediated trade finance using a novel data set covering ten banking jurisdictions. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International financial markets, International topics JEL Code(s): F, F1, F14, F19
February 17, 2015 Opening Statement before the Standing Committee on Finance Opening statement Paul Chilcott Standing Committee on Finance Paul Chilcott discusses the Bank’s work to support the development of renminbi activity in Canada. Content Type(s): Press, Speeches and appearances, Opening statements
February 13, 2015 Weekly Financial Statistics - 13 February 2015 Content Type(s): Publications, Historical: Weekly Financial Statistics
Information, Risk Sharing and Incentives in Agency Problems Staff Working Paper 2015-7 Jia Xie This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is risk neutral or the outcome is contractible, risk sharing is unnecessary or completely taken care of by a contract on the outcome. Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): D, D8