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This paper addresses several broad issues for governments aiming to encourage private sector investment in low-carbon climate resilient (LCR) infrastructure, in both developed and developing world contexts. LCR infrastructure is defined, recognizing the interdependencies between infrastructure...
Persistent link: https://www.econbiz.de/10009685871
This paper proposes a practical approach to address the procyclicality of initial margin at central counterparties (CCPs) that can work even in periods of extreme stress. The approach allows CCPs to limit the speed of margin increases resulting from spikes in market volatility. To maintain the...
Persistent link: https://www.econbiz.de/10011538621
which closely regulated and chartered commercial banks were dominant to one in which financial markets dominate the system …
Persistent link: https://www.econbiz.de/10010530034
which closely regulated and chartered commercial banks were dominant to one in which financial markets dominate the system …
Persistent link: https://www.econbiz.de/10010517057
This paper presents OVer, a framework designed to automatically analyze the behaviour of decentralized finance (DeFi) protocols when subjected to a "skewed" oracle input. OVer firstly performs a symbolic analysis on the given contract and constructs a model of constraints. Then, the framework...
Persistent link: https://www.econbiz.de/10014577871
Canada is in the midst of developing three new core payment systems: Lynx, Settlement Optimization Engine (SOE) and Real-Time Rail (RTR). Lynx and SOE will replace the current Large Value Transfer System (LVTS) and Automated Clearing Settlement System (ACSS), whereas RTR will be a new...
Persistent link: https://www.econbiz.de/10012243367
In times of stress, if the potential demand from asset managers for market liquidity approaches or exceeds dealers' ability to intermediate, it could lead to a precautionary but disruptive dash for cash and may lead central banks to intervene. If the likelihood of such a dash for cash increases...
Persistent link: https://www.econbiz.de/10015329860
to the economic shock caused by the COVID-19 pandemic, the Bank of Canada undertook a range of extraordinary policy …
Persistent link: https://www.econbiz.de/10013256950
Persistent link: https://www.econbiz.de/10013197520
large number of studies published since the early 1990's have been based on the so-called "neo-classical theory of economic …The purpose of this study is to explain the statistical variation in economic growth rates in a broad cross-section of …-regression" approach, which seeks to explain this variation by relating economic growth to a list of potential explanatory variables. A …
Persistent link: https://www.econbiz.de/10010840358