Showing 1 - 10 of 34,672
We provide a decomposition of nominal yields into real yields, expectations of future inflation and inflation risk premiums when real bonds or inflation swaps are unavailable or unreliable due to their relative illiquidity. We combine nominal yields with surveys of inflation forecasts within a...
Persistent link: https://www.econbiz.de/10009668398
Information on the allocation and pricing of over-the-counter (OTC) markets is scarce. Furfine (1999) pioneered an algorithm that provides transaction-level data on the OTC interbank lending market. The veracity of the data identified, however, is not well established. Using permutation methods,...
Persistent link: https://www.econbiz.de/10010363591
' funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the … Canadian banks. The banking sector in Canada provides a unique setting in which to examine market discipline along with the … prospects of proposed reforms, because Canada has no history of government bailouts. Our results suggest that large banks likely …
Persistent link: https://www.econbiz.de/10010225470
, the neutral rate in Canada is determined by the longer-run forces that influence savings and investment in both the …
Persistent link: https://www.econbiz.de/10010406295
The dramatic rise in Canada's average house price to average rent ratio has induced some commentators to argue that a …
Persistent link: https://www.econbiz.de/10010424314
In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but …
Persistent link: https://www.econbiz.de/10011294097
Persistent link: https://www.econbiz.de/10012583272
Persistent link: https://www.econbiz.de/10009740813
lower bound of the corridor. However, by targeting a slightly higher level, the Bank of Canada could be 95% certain that the …
Persistent link: https://www.econbiz.de/10009539333
Persistent link: https://www.econbiz.de/10011714338