Publications and Research

Developments and Trends

• Financial System Risk Assessment
• Overview
• Highlighted Issues
• The Macrofinancial Environment
• The Financial System

• Important Financial System Developments
• Highlighted Issues
• The Financial System

Reports

• Introduction
• A Brief Survey of Risk-Appetite Indexes
  by Mark Illing and Meyer Aaron
• Credit Default Swaps and the Canadian Context
  by Christopher Reid
• Understanding the Benefits and Risks of Synthetic Collateralized Debt Obligations
  by Jim Armstrong and John Kiff

Policy and Infrastructure Developments

• Introduction
• On the Evolution of the Financial Safety Net
  by Walter Engert

Research Summaries: The Efficiency and Soundness of Banking Systems

• Introduction
• Efficiency and Economies of Scale of Large Canadian Banks
  by Jason Allen and Ying Liu
• Degree of Internationalization: An Analysis of Canadian Banks
  by Walid Hejazi and Eric Santor
• Bank Failures and Bank Fundamentals: A Comparative Analysis for Latin America and East Asia during the 1990s
  by Marco Arena