January 26, 2012 An Update on the Funding Status of Defined-Benefit Pension Plans in Canada Financial System Review - December 2006 Jim Armstrong Content Type(s): Publications, Financial System Review articles
January 26, 2012 Results of the FSR Readership Survey Financial System Review - December 2006 Jean Mair Content Type(s): Publications, Financial System Review articles
January 26, 2012 Collateral Valuation for Extreme Market Events Financial System Review - December 2006 Alejandro García, Ramazan Gençay Content Type(s): Publications, Financial System Review articles
Time-Varying Effects of Oil Supply Shocks on the U.S. Economy Staff Working Paper 2012-2 Christiane Baumeister, Gert Peersman We use vector autoregressions with drifting coefficients and stochastic volatility to investigate how the dynamic effects of oil supply shocks on the U.S. economy have changed over time. We find a substantial decline in the short-run price elasticity of oil demand since the mid-eighties. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): E, E3, E31, E32, Q, Q4, Q43
Real-Time Analysis of Oil Price Risks Using Forecast Scenarios Staff Working Paper 2012-1 Christiane Baumeister, Lutz Kilian Recently, there has been increased interest in real-time forecasts of the real price of crude oil. Standard oil price forecasts based on reduced-form regressions or based on oil futures prices do not allow consumers of forecasts to explore how much the forecast would change relative to the baseline forecast under alternative scenarios about future oil demand and oil supply conditions. Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C53, E, E3, E32, Q, Q4, Q43
January 25, 2012 The Changing Landscape of Securities Trading Financial System Review - December 2007 Éric Chouinard Content Type(s): Publications, Financial System Review articles
January 25, 2012 Reforming the Credit-Rating Process Financial System Review - December 2007 Mark Zelmer Content Type(s): Publications, Financial System Review articles
January 25, 2012 Management of Foreign Exchange Settlement Risk at Canadian Banks Financial System Review - December 2007 Neville Arjani Content Type(s): Publications, Financial System Review articles
January 25, 2012 The Provision of Central Bank Liquidity under Asymmetric Information Financial System Review - December 2007 James Chapman, Antoine Martin Content Type(s): Publications, Financial System Review articles
January 25, 2012 Collateral Portfolios and Adverse Dependence Financial System Review - December 2007 Alejandro García, Ramazan Gençay Content Type(s): Publications, Financial System Review articles