G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages

• Subordinated Debt and Market Discipline in Canada

  Staff Working Paper 2005-40 Greg Caldwell

  The author documents the use by Canadian banks of subordinated debt (SD) as a capital instrument.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions JEL Code(s): G, G2, G21, G28

• Degree of Internationalization and Performance: An Analysis of Canadian Banks

  Staff Working Paper 2005-32 Walid Hejazi, Eric Santor

  The international business literature measures the link between the degree of internationalization (DOI) of a firm's activities and its performance.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions JEL Code(s): F, F2, F23, G, G2, G21

• 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 Research Topic(s): Financial institutions, Payment clearing and settlement systems JEL Code(s): E, E4, E44, E47, G, G2, G21

• 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 Research Topic(s): Financial institutions, Financial stability JEL Code(s): D, D8, D82, G, G1, G19, G2, G21

• Efficiency and Economies of Scale of Large Canadian Banks

  Staff Working Paper 2005-13 Jason Allen, Ying Liu

  The authors measure the economies of scale of Canada's six largest banks and their costefficiency over time. Using a unique panel data set from 1983 to 2003, they estimate pooled translog cost functions and derive measures of relative efficiency and economies of scale.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions JEL Code(s): C, C3, C33, D, D2, D24, G, G2, G21

• An Analysis of Closure Policy under Alternative Regulatory Structures

  Staff Working Paper 2005-11 Greg Caldwell

  The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions JEL Code(s): G, G2, G21, G28