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The Canadian Banking System
Freedman, C. - Bank of Canada - 1998
This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and US developments over this period. An important difference between the countries is the nationwide branch banking arrangements in...
Persistent link: https://www.econbiz.de/10005673243
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Competition in Banking: A Review of the Literature
Northcott, Carol Ann - Bank of Canada - 2004
difficult to assess the contestability of a banking market. Recent work suggests that the number of banks and the degree of …
Persistent link: https://www.econbiz.de/10005808358
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Investment, Private Information, and Social Learning: A Case Study of the Semiconductor Industry
Cunningham, Rose - Bank of Canada - 2004
Social learning models of investment provide an interesting explanation for sudden changes in investment behaviour. Caplin and Leahy (1994) develop a model of social learning in which agents learn about the true state of demand from the investment suspension decisions of other agents. The author...
Persistent link: https://www.econbiz.de/10005162426
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Public/Private Transitions and Firm Financing
Huynh, Kim; Paligorova, Teodora; Petrunia, Robert - Bank of Canada - 2013
A large body of empirical literature investigates differences in financing structures across firms. Private firms’ financing receives little attention due to the lack of data. Using administrative confidential data on the universe of Canadian corporate firms, we compare financing relationships...
Persistent link: https://www.econbiz.de/10010849948
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On the Importance of Sales for Aggregate Price Flexibility
Kryvtsov, Oleksiy; Vincent, Nicolas - Bank of Canada - 2014
Macroeconomists have traditionally ignored the behavior of temporary price markdowns (“sales”) by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the...
Persistent link: https://www.econbiz.de/10010960391
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Markups in Canada: Have They Changed and Why?
Leung, Danny - Bank of Canada - 2008
Many empirical studies have examined the cyclical nature of the markup ratio. Until recently, few have attempted to ascertain the changes in the markup over a longer time horizon. These changes are of no less interest in view of the posited effects of increasing import competition and lower...
Persistent link: https://www.econbiz.de/10005256658
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Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms
Munnik, Daniel de; Xu, Kuan - Bank of Canada - 2007
market conditions? If so, why? These remain key questions in macroeconomics, particularly for central banks that work to keep …
Persistent link: https://www.econbiz.de/10005162398
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Firm Size and Productivity
Leung, Danny; Meh, Césaire; Terajima, Yaz - Bank of Canada - 2008
offers evidence of the relationship not only from manufacturing firms, but from non-manufacturing firms as well. Furthermore … relationship between firm size and both labour productivity and TFP is found in both the manufacturing and non-manufacturing … States can account for half of the Canada-U.S. labour productivity gap in manufacturing. …
Persistent link: https://www.econbiz.de/10005162435
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Testing the Pricing-to-Market Hypothesis: Case of the Transportation Equipment Industry
Khalaf, Lynda; Kichian, Maral - Bank of Canada - 2000
Pricing-to-market (PTM) theory suggests that monopolistic firms which export adjust their destination-specific markups in reaction to exchange rate shocks. These adjustments limit changes in the price of their exports. Thus, important movements in the bilateral nominal exchange rate between two...
Persistent link: https://www.econbiz.de/10005536876
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Market Structure and Cost Pass-Through in Retail
Hong, Gee Hee; Li, Nicholas - Bank of Canada - 2013
We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...
Persistent link: https://www.econbiz.de/10010617509