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Price movements in the Canadian residential mortgage market

Allen, Jason; McVanel, Darcey - 2009

The authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of competition in mortgage price setting. Their results suggest...

Persistent link: https://www.econbiz.de/10003852802

Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment

Labelle, Nicolas; Taylor, Varya - Bank of Canada - 2014

A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation. In August 2012, the Canadian Payments Association amended the ACSS by-law and rules to repeal the unwinding provisions from the ACSS default framework. Without...

Persistent link: https://www.econbiz.de/10010960404

The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN

Resende, Carlos de; Dib, Ali; Perevalov, Nikita - Bank of Canada - 2010

The authors use simulations within the BoC-GEM-FIN, the Bank of Canada’s version of the Global Economy Model with … changing bank regulations on the Canadian economy. Specifically, they compute short- and long-run impacts on key macroeconomic … that, while long-run effects on bank loans, lending spreads, investment, and output are modest, the short-run effects are …

Persistent link: https://www.econbiz.de/10009323067

Price Competition and Concentration in Search and Negotiation Markets: Evidence from Mortgage Lending

Allen, Jason; Clark, Robert; Houde, Jean-François - Bank of Canada - 2012

This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which …

Persistent link: https://www.econbiz.de/10009493658

Innovation and Growth with Financial, and Other, Frictions

Chiu, Jonathan; Meh, Césaire; Wright, Randall - Bank of Canada - 2011

The generation and implementation of ideas, or knowledge, is crucial for economic performance. We study this process in a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and with the exchange of ideas from those who generate them...

Persistent link: https://www.econbiz.de/10009359839

Countercyclical Bank Capital Requirement and Optimized Monetary Policy Rules

Resende, Carlos De; Dib, Ali; Lalonde, René; … - Bank of Canada - 2013

explore the macroeconomic implications of various types of countercyclical bank capital regulations. Results suggest that … shocks. Moreover, the bank capital regulatory policy and monetary policy interact, and this interaction is contingent on the …. Compared to bank capital regulatory policy, monetary policy is able to stabilize the economy more efficiently after real shocks …

Persistent link: https://www.econbiz.de/10010635681

The Financial Services Sector: Past Changes and Future Prospects

Freedman, C.; Goodlet, C. - Bank of Canada - 1998

The financial service industry has been undergoing significant change in recent years. This paper analyzes some key developments affecting the industry and examines some important issues facing the industry and its regulators. Changes discussed include the way services are provided, the...

Persistent link: https://www.econbiz.de/10005673245

The Financial Services Sector: An Update on Recent Developments

Freedman, Charles; Goodlet, Clyde - Bank of Canada - 2002

The Canadian financial industry continues to experience significant changes. This report provides an update on recent developments and re-examines a number of issues facing financial service providers that were identified in Technical Report No. 82. In particular, this report highlights the role...

Persistent link: https://www.econbiz.de/10005808261

Hedge Funds and Financial Stability: The State of the Debate

King, Michael R.; Maier, Philipp - Bank of Canada - 2007

The authors review the state of the debate on hedge funds and the potential threat that hedge funds pose to financial stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically important financial institutions, or indirectly...

Persistent link: https://www.econbiz.de/10005808270

Bank Failures and Bank Fundamentals: A Comparative Analysis of Latin America and East Asia during the Nineties using Bank-Level Data

Arena, Marco - Bank of Canada - 2005

The author develops the first comparative empirical study of bank failures during the nineties between East Asia and … Latin America using bank-level data, in order to address the following two questions: (i) To what extent did individual bank … conditions explain bank failures? (ii) Did mainly the weakest banks, in terms of their fundamentals, fail in the crisis countries …

Persistent link: https://www.econbiz.de/10005808383