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008250520t20252025oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-6/2025-7E-PDF
1001 |aEpp, Adam, |eauthor.
24510|aAre hedge funds a hedge for increasing government debt issuance? / |cAdam Epp [and] Jeffrey Gao.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2025.
264 4|c©2025
300 |a1 online resource (ii, 19 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff discussion paper = Document d'analyse du personnel, |y1914-0568 ; |v2025-7
500 |aISSN assigned to different series.
500 |a"Last updated: May 8, 2025."
504 |aIncludes bibliographical references.
520 |a"This paper studies the rapid increase since 2019 of Government of Canada (GoC) debt issuance alongside greater hedge fund participation at GoC bond auctions. We find a systematic relationship between GoC debt stock and hedge fund bidding shares at auction. We attribute this to hedge funds’ business models, which are based on volume and leverage"--Abstract, page ii.
546 |aIncludes abstract in French.
650 0|aGovernment securities|xGovernment policy|zCanada.
650 0|aHedge funds|zCanada.
650 6|aEffets publics|xPolitique gouvernementale|zCanada.
650 6|aFonds spéculatifs|zCanada.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff discussion paper (Bank of Canada)|v2025-7.|w(CaOODSP)9.806273
85640|qPDF|s993 KB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-7-eng.pdf