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1.
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An international initiative to increase the use of central clearing for OTC derivatives emerged as one of the reactions to the 2008 financial crisis. The move to central [...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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This paper calculates an implied cost of equity for 19 developed countries from 1991 to 2006. During this period, there has been a decline in the cost of equity of about [...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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According to the rent-extraction hypothesis, weak corporate governance allows entrenched CEOs to capture the pay-setting process and benefit from events outside of their [...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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This paper examines Canadian and other foreign firms that have been involuntarily delisted from major U.S. exchanges. I find that, for most countries, less than 10% of fi[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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This paper estimates the implied cost of equity for Canadian and U.S. firms using a methodology based on the dividend discount model and utilizing firms' current stock pr[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time their debt-maturity issuance. The early results that [...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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7.
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Since the financial crisis, attention has focused on central counterparties (CCPs) as a solution to systemic risk for a variety of financial markets, ranging from repurch[...]
2011 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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