This paper is the first attempt that empirically investigates the relationship between banks capital, securitization and risk in the context of the rapid growth of off-balance-sheet activities in the Canadian financial sector. The evidence over the 1988-1998 period indicates that a)...

Securitization is one of the most important developments in the international finance over the past twenty years and one of the most sophisticated tools of modern finance. The main goal of this study is to examine the statistical link between securitization and risk-based capital ratios. Our...

Is the Europe-U.S. retail trade productivity gap a genuine phenomenon or the result of a variety of measurement issues? This research question, which raised concerns during most of the decade preceding the Great Recession, has two primary motivations. First, I hope to gain a better understanding...

The deterioration in 1995 of Europe productivity performance relative to the U.S. coincided with the ?renaissance? of the U.S. statistical system, which has been upgraded in many important respects. With these efforts, there is now a consensus in the economics profession that the U.S....

Although economic classification is not part of the Ruggles's prodigious contributions to the System of National Accounts, it is certainly meant to help achieve the integration and linking of macrodata with microdata. Unfortunately, economic classification is a component of the statistical...

A statistical agency faces several challenges in building Productivity Accounts. What started out as a request for simple ratios of output to employment has moved to a demand for multifactor (total factor) productivity measures that take into account both labor and capital inputs, the...