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040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|beng|bfre
043 |an-cn---
0861 |aFB3-5/2025-19E-PDF
1001 |aScheider, Fabienne, |eauthor.
24510|aOn-the-run premia, settlement fails, and central bank access / |cFabienne Scheider.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2025.
264 4|c©2025
300 |a1 online resource (ii, 48 pages) : |billustrations, graphs.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2025-19
500 |a"Last updated: August 11, 2025."
504 |aIncludes bibliographical references (pages 32-35).
5203 |a"I use the model to analyze the effects of granting access to central bank facilities to non-banks active in the Treasury market. Broad access stimulates trading and reduces the on-the-run premium, but settlement fails increase and, counterintuitively, only primary dealers benefit"--Abstract, page ii.
546 |aIncludes abstract in French.
650 0|aPricing|xEconometric models.
650 0|aIndustrial organization (Economic theory)
650 0|aMonetary policy|zCanada.
650 6|aPrix|xFixation|xModèles économétriques.
650 6|aÉconomie industrielle.
650 6|aPolitique monétaire|zCanada.
7102 |aBank of Canada, |eauthor.
830#0|aStaff working paper (Bank of Canada)|v2025-19.|w(CaOODSP)9.806221
85640|qPDF|s1.21 MB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2025-19-eng.pdf
8564 |qHTML|sN/A|uhttps://www.bankofcanada.ca/2025/08/staff-working-paper-2025-19/