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The role of foreign exchange dealers in providing overnight liquidity
S'Souza, Chris (contributor) - 2008
This paper illustrates that dealers in foreign exchange markets not only provide intraday liquidity, they are key participants in the provision of overnight liquidity. Dealing institutions receive compensation for holding undesired inventory balances in part from the information they receive in...
Persistent link: https://www.econbiz.de/10003775751
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Which bank is the "central" bank? : an application of Markov theory to the Canadian large value transfer system
Bech, Morten L. (contributor); Chapman, James (contributor);  … - 2008
We use a method similar to Google’s PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks. These differences in processing speeds are essential for explaining why observed...
Persistent link: https://www.econbiz.de/10003775746
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Measuring systemic importance of financial institutions : an extreme value theory approach
Gravelle, Toni; Li, Fuchun - 2011
evidence reveals that (i) the top three banks, RBC Financial Group, TD Bank Financial Group, and Scotiabank are more …
Persistent link: https://www.econbiz.de/10009307595
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Funding advantage and market discipline in the Canadian banking sector
Beyhaghi, Mehdi; D'Souza, Chris; Roberts, Gordon S. - 2013
have a funding advantage over small banks after controlling for bank-specific and market risk factors. Working with hand …
Persistent link: https://www.econbiz.de/10010225470
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Effects of funding portfolios on the credit supply of Canadian banks
Damar, H. Evren; Meh, Césaire Assah; Terajima, Yaz - 2015
This paper studies how banks simultaneously manage the two sides of their balance sheet and its implications for bank … risk taking and real economic activity. First, we analyze how changes in funding affect the supply of bank loans. We then …
Persistent link: https://www.econbiz.de/10010488964
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Leverage, balance sheet size and wholesale funding
Damar, H. Evren; Meh, Césaire Assah; Terajima, Yaz - 2010
Some evidence points to the procyclicality of leverage among financial institutions leading to aggregate volatility. This procyclicality occurs when financial institutions finance their assets with non-equity funding (i.e., debt financed asset expansions). Wholesale funding is an important...
Persistent link: https://www.econbiz.de/10008771572
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Bank competition and international financial integration : evidence using a new index
Pasricha, Gurnain Kaur - 2010
This paper finds a strong empirical link between domestic banking sector competitiveness and de facto international integration. De-facto international integration is measured through a new index of financial integration, which measures, for deviations from covered interest parity, the size of...
Persistent link: https://www.econbiz.de/10008771582
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A spatial model of bank branches in Canada
Chen, Heng; Strathearn, Matthew - 2020 - Last updated: February 6, 2020
This research aims to empirically analyze the spatial distribution of bank-branch networks in Canada. We study the …
Persistent link: https://www.econbiz.de/10012159094
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Cross-border bank flows and monetary policy : implications for Canada
Correa, Ricardo; Paligorova, Teodora; Sapriza, Horacio; … - 2017
Using the Bank for International Settlements (BIS) Locational Banking Statistics data on bilateral bank claims from … 1995 to 2014, we analyze the impact of monetary policy on cross-border bank flows. We find that monetary policy in a source … country is an important determinant of cross-border bank flows. In addition, we find evidence in favor of a cross …
Persistent link: https://www.econbiz.de/10011777908
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How banks create gridlock to save liquidity in Canada's large value payment system
Garratt, Rod; Lu, Zhentong; Tian, Phoebe - 2023 - Last updated: May 4, 2023
Using detailed data from Canada's new high-value payment system (HVPS), we show how participants of the system save liquidity by exploiting the new gridlock resolution arrangement. These observed behaviors are consistent with the equilibrium of a "gridlock game" that captures the key incentives...
Persistent link: https://www.econbiz.de/10014253824