Risk Premium, Variance Premium and the Maturity Structure of Uncertainty Staff Working Paper 2012-11 Bruno Feunou, Jean-Sébastien Fontaine, Abderrahim Taamouti, Roméo Tedongap Expected returns vary when investors face time-varying investment opportunities. Long-run risk models (Bansal and Yaron 2004) and no-arbitrage affine models (Duffie, Pan, and Singleton 2000) emphasize sources of risk that are not observable to the econometrician. Content Type(s): Staff research, Staff working papers Research Topic(s): Asset pricing, Financial services JEL Code(s): G, G1, G12, G13
March 29, 2012 Summary of Comments - 2012-13 Debt Management Strategy Consultations and Operational Changes to the Cash-Management Bond Buyback Program Today, the Summary of Comments – 2012–13 Debt Management Strategy Consultations is being published on the Bank of Canada’s website in conjunction with the release of the government’s Debt Management Strategy for 2012–13 on the Department of Finance’s website. Content Type(s): Press, Market notices
March 26, 2012 Bank of Canada Issues $50 Polymer Bank Note Media Relations Ottawa, Ontario Bank of Canada Governor Mark Carney today officially announced the new $50 polymer bank note’s entry into circulation, during an event at the Canadian Coast Guard’s Québec port facility. These new notes will be available at financial institutions from coast to coast to coast starting today. Governor Carney was joined at the event by Shelly […] Content Type(s): Press, Press releases Research Topic(s): Bank notes
March 12, 2012 Promoting Growth, Mitigating Cycles and Inequality: The Role of Price and Financial Stability Remarks Tiff Macklem Brazil-Canada Chamber of Commerce São Paulo, Brazil Senior Deputy Governor Tiff Macklem discusses how price and financial stability help promote growth and mitigate economic cycles and inequality. Content Type(s): Press, Speeches and appearances, Remarks
March 9, 2012 Weekly Financial Statistics - 9 March 2012 Content Type(s): Publications, Historical: Weekly Financial Statistics
February 2, 2012 The Financial Services Sector: An Update on Recent Developments Financial System Review - December 2002 Charles Freedman, Clyde Goodlet Content Type(s): Publications, Financial System Review articles
December 23, 2002 Financial Structure and Economic Growth: A Non-Technical Survey Financial System Review - December 2002 Veronika Dolar, Césaire Meh Content Type(s): Publications, Financial System Review articles
February 1, 2012 Development of the Canadian Corporate Debt Market: Some Stylized Facts and Issues Financial System Review - December 2003 Stacey Anderson, Ron Parker, Andrew Spence Content Type(s): Publications, Financial System Review articles
February 1, 2012 Transparency in the Canadian Fixed-Income Market: Opportunities and Constraints Financial System Review - December 2003 Tran-Minh Vu Content Type(s): Publications, Financial System Review articles
February 1, 2012 Policy Issues in Retail Payments Financial System Review - December 2003 Sean O'Connor Content Type(s): Publications, Financial System Review articles