Optimal Taxation in Asset Markets with Adverse Selection Staff Working Paper 2020-11 Mohammad Davoodalhosseini What is the optimal tax schedule in over-the-counter markets, e.g., those for corporate bonds? I find that an optimal tax schedule is often non-monotonic. For example, trading of some high-price assets should be subsidized, and trading of some low-price assets should be taxed. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Financial markets, Financial system regulation and policies, Market structure and pricing JEL Code(s): D, D8, D82, D83, E, E2, E24, G, G1, G10, J, J3, J31, J6, J64
April 6, 2020 Results of the Bankers’ Acceptance Purchase Facility operation The results of today’s Bankers’ Acceptance Purchase Facility (BAPF) operation. Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility
April 6, 2020 Bank of Canada announces the minimum yield for today’s Banker’s Acceptance Purchase Facility operation The minimum yield for today's BA Purchase Facility is 0.40%. Content Type(s): Press, Market notices Source(s): Bankers’ Acceptance Purchase Facility
April 6, 2020 Commercial Paper Purchase Program (CPPP) – Term Sheet Read the terms and conditions of the Commercial Paper Purchase Program.
April 3, 2020 COVID-19: Key announcements Access news on the Bank’s actions to support the economy and financial system during the COVID-19 pandemic.
April 3, 2020 Bank of Canada Announces Activation of the Contingent Term Repo Facility Following the previous announcement regarding Additional Measures to Support Market Functioning, the Bank is announcing today that it is activating the Contingent Term Repo Facility (CTRF) effective Monday April 6, 2020 and that it will remain open for the next 12 months. Content Type(s): Press, Market notices Source(s): Contingent Term Repo Facility
April 3, 2020 Contingent Term Repo Facility: Terms and conditions Read the terms and conditions of the Contingent Term Repo Facility.
April 3, 2020 Contingent Term Repo Facility The Contingent Term Repo Facility (CTRF) is the Bank of Canada’s standing repo facility to counter any severe market-wide liquidity stresses and support the stability of the Canadian financial system.
April 2, 2020 Bankers’ Acceptance Purchase Facility To support the continuous functioning of financial markets, the Bank of Canada purchases Bankers’ Acceptances (BAs) in the secondary market through the Bankers’ Acceptance Purchase Facility (BAPF).
April 2, 2020 Results of today’s Provincial Money Market Purchase program As part of the Bank of Canada’s Provincial Money Market Purchase (PMMP) program, the Bank was allocated $417 million of provincial treasury bills and/or promissory notes. Content Type(s): Press, Market notices Source(s): Provincial Money Market Purchase Program