March 28, 2016 Bank of Canada Announces Details of its Term Repo Operations The Bank of Canada announced today that it will conduct term repo operations. Content Type(s): Press, Market notices
March 28, 2016 Weekly Financial Statistics - 28 March 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics
Government Corruption and Foreign Direct Investment Under the Threat of Expropriation Staff Working Paper 2016-13 Christopher Hajzler, Jonathan Rosborough Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the role of government corruption in foreign direct investment (FDI) when contracts are not fully transparent and investors face the threat of expropriation. Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Economic models, International topics JEL Code(s): F, F2, F21, F23, F3, F34
March 24, 2016 Annual Report 2015 The Annual Report provides an account of the Bank’s management, activities and achievements in 2015; it includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
March 24, 2016 The Bank of Canada Releases Its Annual Report for 2015 Media Relations Ottawa, Ontario The Bank of Canada’s Annual Report for 2015 was tabled in the House of Commons today. Content Type(s): Press, Press releases
Capital Structure, Pay Structure and Job Termination Staff Working Paper 2016-12 Jason Allen, James R. Thompson We develop a model to analyze the link between financial leverage, worker pay structure and the risk of job termination. Contrary to the conventional view, we show that even in the absence of any agency problem among workers, variable pay can be optimal despite workers being risk averse and firms risk neutral. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Labour markets JEL Code(s): G, G2, G24, J, J3, J33
March 18, 2016 Weekly Financial Statistics - 18 March 2016 Content Type(s): Publications, Historical: Weekly Financial Statistics
Dating Systemic Financial Stress Episodes in the EU Countries Staff Working Paper 2016-11 Benjamin Klaus, Tuomas Peltonen, Thibaut Duprey This paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Central bank research, Econometric and statistical methods, Economic models, Financial markets, Financial stability, Financial system regulation and policies, Monetary and financial indicators JEL Code(s): C, C5, C54, G, G0, G01, G1, G15