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| 02360cam 2200373zi 4500 |
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| 001 | 9.883504 |
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| 003 | CaOODSP |
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| 005 | 20221107170606 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 200113t20202020onc ob f000 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2020-1E-PDF |
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| 100 | 1 |aFontaine, Jean-Sébastien. |
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| 245 | 10|aContagion in dealer networks / |cby Jean-Sébastien Fontaine and Adrian Walton. |
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| 264 | 1|aOttawa : |bBank of Canada = Banque du Canada, |c2020. |
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| 264 | 4|c©2020 |
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| 300 | |a1 online resource (iii, 41 pages) |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aBank of Canada staff working paper,|x1701-9397 ; |v2020-1 |
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| 500 | |aCover title. |
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| 500 | |a"Last updated: January 9, 2020." |
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| 504 | |aIncludes bibliographical references (pages 31-32). |
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| 520 | 3 |a"Dealer networks provide essential intermediation services in over-the-counter markets. We document the response of dealer networks to the arrival of new public information. We find that after public news releases, dealer networks become more complex and channel larger flows of securities between buyers and sellers. These effects are concentrated in bonds that were more actively traded and had more-complex dealer networks. One natural interpretation is that dealer networks become more complex after the news releases to accommodate shifts of intermediation demand. For these bonds, following the news releases, we also document more frequent and larger contagion of settlement fails over the network. The evidence points to a trade-off. Settlement fails allow for contagion of counter party risk in dealer networks; yet, allowing for fails provides dealers greater flexibility to accommodate shifts in demand for intermediation"--Abstract. |
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| 650 | 0|aFinancial institutions|xRisk management. |
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| 650 | 0|aIndustrial organization (Economic theory) |
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| 650 | 6|aInstitutions financières|xGestion du risque. |
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| 650 | 6|aÉconomie industrielle. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2020-1.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s603 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-1-eng.pdf |
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