Staff Research
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31 July 2014 Research Update - July 2014
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
Removal of the Unwinding Provisions in the Automated Clearing Settlement System: A Risk Assessment
A default in the Automated Clearing Settlement System (ACSS) occurs when a Direct Clearer is unable to settle its final obligation. -
17 July 2014 International Economic Analysis Presenters for 2014
Topics covered include Econometric and statistical methods and International topics. -
Capital Flows and Macroprudential Policies - A Multilateral Assessment of Effectiveness and Externalities
This paper assesses the effectiveness and associated externalities that arise when macroprudential policies (MPPs) are used to manage international capital flows. Using a sample of up to 139 countries, we examine the impact of eight different MPP measures on cross-border bank flows over the period 1999-2009. -
Information, Amplification and Financial Crisis
We propose a parsimonious model of information choice in a global coordination game of regime change that is used to analyze debt crises, bank runs or currency attacks. A change in the publicly available information alters the uncertainty about the behavior of other investors.