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Financial Efficiency and the Lucas Puzzle
Goren, Amir - 2021
I present a model that provides a theoretical solution to the Lucas Puzzle using Financial Efficiency, which is a time-varying component of TFP. The model predicts that a financially underdeveloped economy is to benefit from financial integration through FDI capital inflow only if it experiences...
Persistent link: https://www.econbiz.de/10013243308
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What explains month-end funding pressure in Canada?
Sutherland, Christopher S. - 2017
the overnight repo rate and Bank of Canada liquidity provision tend to rise in these windows. This paper proposes three …
Persistent link: https://www.econbiz.de/10011661122
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Sustainability and Income-Producing Property Valuation : North American Status and Recommended Procedures
Austin, Grant W. - 2012
The valuation of property with “sustainability” aspects is not a new property type nor does it call for a deviation from the traditional valuation methods for the appraisal of income-producing properties. However, there can be numerous and significant differences between sustainable and...
Persistent link: https://www.econbiz.de/10013096730
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Tests of Microeconomic Foundations of a North American Common Currency Area
Swofford, James L. - 2005
The movement of some members of the European Union towards a common currency area is likely to spark interest in other possible common currency areas. One such area of interest is a North American common currency area. In this paper some results from tests of microeconomic foundations of a North...
Persistent link: https://www.econbiz.de/10014065918
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Testing Market Efficiency : Empirical Evidence from Developed Markets of Europe and North America
Nisar, Saqib - 2014
that are present in North-America and Europe including NYSE Composite (USA), S&P TSX Composite (Canada), FTSE 100 Index (UK …
Persistent link: https://www.econbiz.de/10013066857
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Follow the money: Quantifying domestic effects of foreign bank shocks in the great recession
Cetorelli, Nicola; Goldberg, Linda S. - 2012
Foreign banks pulled signifi cant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund withdrawal, with the fund transfer disproportionately bigger for larger branches. This internal shock to the balance...
Persistent link: https://www.econbiz.de/10010287109
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Financial spillovers across countries : the case of Canada and the United States
Beaton, Kimberly; Desroches, Brigitte - 2011
conditions in the United States on financial conditions and economic activity in Canada. These questions are addressed within a … variables in the transmission of shocks to real activity and financial conditions in the United States to Canada. First, they … show that shocks to U.S. output are transmitted quickly to Canada, with important implications for financial conditions …
Persistent link: https://www.econbiz.de/10008908820
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Has International Financial Integration Increased?
Lothian, James R.; Goldberg, Lawrence G.; Okunev, John - 2010
This paper compares the behavior of real interest rate differentials across the major countries under the Bretton Woods regime and the regime of floating exchanges that replaced it. The primary object is to investigate both the extent of market integration and its changes over time. For all...
Persistent link: https://www.econbiz.de/10014068764
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Uncollateralized overnight loans settled in LVTS
Hendry, Scott (contributor); Kamhi, Nadja (contributor) - 2007
Loan-level data on the uncollateralized overnight loan market is generated using payment data from Canada's Large Value …
Persistent link: https://www.econbiz.de/10003463636
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Financial frictions, financial shocks and labour market fluctuations in Canada
Zhang, Yahong - 2011
What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates … of financial shocks on labour market fluctuations in Canada. She finds that the estimated value of the elasticity of …
Persistent link: https://www.econbiz.de/10009410433