The Impact of Unanticipated Defaults in Canada's Large Value Transfer System Staff Working Paper 2005-25 Darcey McVanel Canada's Large Value Transfer System (LVTS) is designed to meet international risk-proofing standards at a minimum cost to participants in terms of collateral requirements. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Payment clearing and settlement systems JEL Code(s): E, E4, E44, E47, G, G2, G21
A Search Model of Venture Capital, Entrepreneurship, and Unemployment Staff Working Paper 2005-24 Robin Boadway, Oana Secrieru, Marianne Vigneault The authors develop a search model of venture capital in which the number of successful matches of entrepreneurs and venture capitalists (VCs) at any moment in time is a function of the number of entrepreneurs searching for funds, the number of VCs searching for entrepreneurs, and the number of vacancies posted by each VC. Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Fiscal policy, Labour markets JEL Code(s): D, D8, D82, G, G1, G18, G2, G24, H, H2, H21, J, J6, J64
Pocket Banks and Out-of-Pocket Losses: Links between Corruption and Contagion Staff Working Paper 2005-23 Raphael Solomon The author describes a model with a corrupt banking system, in which bankers knowingly lend at market interest rates to back projects riskier than the market rate indicates. Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability JEL Code(s): D, D8, D82, G, G1, G19, G2, G21
August 25, 2005 Bank of Canada Announces 2005 Recipients of Annual Law-Enforcement Award of Excellence for Counterfeit Deterrence Media Relations Ottawa, Ontario The Bank of Canada is pleased to announce the 2005 recipients of its annual Law-Enforcement Award of Excellence for Counterfeit Deterrence. Content Type(s): Press, Press releases
August 11, 2005 Bank of Canada releases 2006 schedule of dates for its policy interest rate announcements Media Relations Ottawa, Ontario The announcement dates from September 2005 through December 2006 Content Type(s): Press, Press releases
August 8, 2005 Review of the Government of Canada Debt Distribution Framework Today, the findings of the review and Changes to the Government of Canada Debt Distribution Framework are being made public on the Bank's website. The changes will become effective in October 2005, following the update of the Terms of Participation and the Standard Terms for Government of Canada auctions. Content Type(s): Press, Market notices
August 8, 2005 Changes to the Government of Canada Debt Distribution Framework The purpose of the framework for distributing the government's debt securities is to raise stable, low-cost funding for the government and to support a well-functioning market for Government of Canada securities.
The Effects of the Exchange Rate on Investment: Evidence from Canadian Manufacturing Industries Staff Working Paper 2005-22 Tarek Harchaoui, Faouzi Tarkhani, Terence Yuen Using industry-level data for 22 Canadian manufacturing industries, the authors examine the relationship between exchange rates and investment during the period 1981–97. Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components, Exchange rates JEL Code(s): D, D2, D24, F, F4
July 28, 2005 Bank of Canada Announces Appointment of Special Adviser Media Relations Ottawa, Ontario Mr. Little, who will join the Bank in September, is a recently retired journalist from the Globe and Mail, where he spent most of the past two decades writing about economics and public finance. Content Type(s): Press, Press releases
July 14, 2005 Bank of Canada releases Monetary Policy Report Update Media Relations Ottawa, Ontario The Bank of Canada today released its July Monetary Policy Report Update, which discusses current economic and financial trends in the context of Canada's inflation-control strategy. Content Type(s): Press, Press releases