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This paper examines the transmission of U.S. real and financial shocks to Canada and, in particular, the role of financial frictions in affecting the transmission of thes[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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This paper uses the framework of arbitrage-pricing theory to study the relationship between liquidity risk and sovereign bond risk premia. The London Stock Exchange in th[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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China's integration into the world economy has benefited its people by reducing poverty and raising living standards, and it has benefited the industrialized world by pro[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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4.
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The authors investigate financial spillovers across countries with an emphasis on the effect of shocks to financial conditions in the United States on financial condition[...]
2011 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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5.
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The sharp depreciation of the Canadian dollar and the successful launch of the euro have spawned an animated debate in Canada concerning the potential benefits of formall[...]
2002 | Text | Technical Report - Rapport technique |
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6.
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Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries. In this paper, the authors e[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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This paper reviews both the theoretical and empirical literature on the impact of common currencies on financial markets and evaluates the first three years of experience[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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There is a large body of literature that studies the relationship between financial structure (that is, the degree to which the financial system is either market- or inte[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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Our contribution in this paper is threefold. First, we survey the empirical literature on consumption smoothing mechanisms of regional economic shocks. Second, building o[...]
1999 | Text | Staff Working Paper - Document de travail du personnel |
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