Heterogeneous Returns to U.S. College Selectivity and the Value of Graduate Degree Attainment Staff Working Paper 2013-46 Mai Seki Existing studies on the returns to college selectivity have mixed results, mainly due to the difficulty of controlling for selection into more-selective colleges based on unobserved ability. Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): C, C3, C30, I, I2, I21
Lessons from the Financial Crisis: Bank Performance and Regulatory Reform Staff Discussion Paper 2013-4 Neville Arjani, Graydon Paulin The financial systems of some countries fared materially better than others during the global financial crisis of 2007-09. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial system regulation and policies JEL Code(s): G, G2, G21, G28
December 18, 2013 Public Consultation: Policy guidance on the Bank of Canada’s risk-management standards for designated financial market infrastructures - Standard 2: Governance The Bank of Canada, jointly with l'Autorité des marchés financiers (Quebec), British Columbia Securities Commission and Ontario Securities Commission, today published draft policy guidance related to the Bank’s risk management standards for designated Canadian financial market infrastructures (FMIs). Content Type(s): Press, Market notices
December 18, 2013 Results of the 18 December 2013 Term Repo Operation for Balance Sheet Management Purposes The results of today's term repo for balance sheet management purposes operation. Content Type(s): Press, Market notices
December 18, 2013 Results of the 18 December 2013 Term Repo Operation for Balance Sheet Management Purposes The results of today's term repo for balance sheet management purposes operation. Content Type(s): Press, Market notices
December 17, 2013 Bank of Canada Announces Details of a Term Repo for Balance Sheet Management Purposes Operation The Bank of Canada announced today that it will conduct a Term Repo for Balance Sheet Management Purposes operation. Content Type(s): Press, Market notices
December 13, 2013 Weekly Financial Statistics - 13 December 2013 Content Type(s): Publications, Historical: Weekly Financial Statistics
Expansion of Higher Education, Employment and Wages: Evidence from the Russian Transition Staff Working Paper 2013-45 Natalia Kyui This paper analyzes the effects of an educational system expansion on labour market outcomes, drawing upon a 15-year natural experiment in the Russian Federation. Regional increases in student intake capacities in Russian universities, a result of educational reforms, provide a plausibly exogenous variation in access to higher education. Content Type(s): Staff research, Staff working papers Topic(s): Development economics, Labour markets JEL Code(s): I, I2, I20, J, J2, J24
December 13, 2013 Additional Haircuts - Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility (SLF) Effective immediately, the Bank of Canada has added haircuts to the over 35 year maturity category for Government of Canada and Government of Canada Guaranteed securities. Content Type(s): Press, Market notices
December 13, 2013 Historical Assets Eligible as Collateral under the Bank of Canada’s Standing Liquidity Facility – December 13, 2013 to January 8, 2015 The Bank of Canada, through its Standing Liquidity Facility (SLF), provides access to liquidity to those institutions that participate directly in the Large Value Transfer System (LVTS). Content Type(s): Collateral Policy Source(s): Standing Liquidity Facility