imposes a set of no-arbitrage conditions on trades in the market. For Canada's Large-Value Transfer System, we show that while … distinct phases of both the Bank of Canada's operations as well as phases of the 2007-2008 financial crisis. We find that …

acquirer-merchant market in Canada. Three main findings are presented. First, smaller merchants pay their acquirer more for … acquiring market in Canada is concentrated and has remained fairly stable since 2010. …

The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation … accumulation, many lenders require large down payments. Second, in each monthly mortgage payment, homeowners substantially …, refinancing mortgages is often very costly. We propose a new fixed-rate mortgage, called the Fixed-Payment-COFI mortgage (or …

-standing and widespread Government-Sponsored Enterprises' (GSEs) mortgage default insurance subsidy on banks' equilibrium lending … subsidy is about 25 basis points per dollar, reduces the equilibrium mortgage interest rate by the same amount (3.6% of the …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are … loans, selling most of their mortgages and making less profit off each mortgage while concentrated lenders do the opposite …