Scott Hendry

scott-hendry

Special Director

Scott Hendry was appointed Special Director, Financial Technology (FinTech) in the Funds Management and Banking Department (FBD) in June 2016. In this role, he oversees the Bank’s efforts to monitor and research developments and implications of new technologies affecting the financial sector. He previously held the role of Director of Research for FBD and, before that, for the Financial Markets Department (FMD). His personal research has focused on electronic money, price discovery in the Canadian government bond market, and central bank communication. He has a PhD in Economics from the University of Western Ontario.

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Scott Hendry

Special Director
Funds Management and Banking
Strategic Leadership

Bank of Canada
234 Laurier Avenue West
Ottawa, ON, K1A 0G9

Latest

Central Bank Communication or the Media’s Interpretation: What Moves Markets?

Staff Working Paper 2012-9 Scott Hendry
The goal of this paper is to investigate what type of information from Bank of Canada communication statements or the market commentary based on these statements has a significant effect on the volatility or level of returns in a short-term interest rate market.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Asset Pricing, Financial markets JEL Code(s): E, E5, E58, G, G1, G14

17 February 2011 Conference Summary: Financial Globalization and Financial Instability

Bank of Canada Review - Winter 2010-2011 Scott Hendry
The Bank of Canada’s annual conference, held in October 2010, brought together leading researchers from universities and central banks around the world.
Content Type(s): Publications, Bank of Canada Review Article Topic(s): Central bank research, Financial markets, Financial stability, Financial system regulation and policies

Text Mining and the Information Content of Bank of Canada Communications

Staff Working Paper 2010-31 Scott Hendry, Alison Madeley
This paper uses Latent Semantic Analysis to extract information from Bank of Canada communication statements and investigates what type of information affects returns and volatility in short-term as well as long-term interest rate markets over the 2002-2008 period.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial markets, Monetary policy implementation JEL Code(s): E, E5, E58, G, G1, G14

Price Discovery in Canadian and U.S. 10-Year Government Bond Markets

Staff Working Paper 2007-43 Bryan Campbell, Scott Hendry
This paper presents some new results on the price discovery process in both the Canadian and U.S. 10-year Government bond markets using high-frequency data not previously analyzed. Using techniques introduced by Hasbrouck (1995) and Gonzalo-Granger (1995), we look at the relative information content of cash and futures prices in the market for Canadian Government bonds using futures market data from the Montreal Exchange and OTC cash market data reflecting the inter-dealer market covered by CanPx.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Financial markets, Market structure and pricing JEL Code(s): G, G1, G12, G13, G14

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Refereed Journals

  • "Labour Markets, Liquidity, and Monetary Policy Regimes,"
    (with David Andolfatto, SFU, and Kevin Moran), Canadian Journal of Economics, Vol 37, p. 392-420, April 2004.
  • "Liquidity Effects and Market Frictions,"
    (with Guang-Jia Zhang) Journal of Macroeconomics, Spring 2001, 23 (2): 153-176.

Other Publications

  • "Inflation Expectations and Learning about Monetary Policy,"
    (with David Andolfatto, SFU, and Kevin Moran), DNB Staff Reports No. 121/2004.
  • "Inflation Persistence and Costly Market Share Adjustment: A Preliminary Analysis,"
    (with Robert Amano), Monetary Policy in a Changing Environment, BIS Papers No. 19, p. 134-146.
  • "Liquidity Effects and Market Frictions,"
    (with Guang-Jia Zhang), DNB Staff Reports No. 29/1998.

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Bank Publications

Education

  • Ph.D., University of Western Ontario (1993)
  • M.A., University of Western Ontario (1988)
  • B.A. (Honours), Wilfrid Laurier University (1987)

Research Interests

  • Financial Market Microstructure
  • Financial Stability
  • Network Analysis
  • Text Mining

RePEc

Scott Hendry

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