| 000 | 00000nam 2200000zi 4500 |
| 001 | 9.951218 |
| 003 | CaOODSP |
| 005 | 20250520150033 |
| 006 | m o d f |
| 007 | cr |n||||||||| |
| 008 | 250520t20252025oncd ob f|0| 0 eng d |
| 040 | |aCaOODSP|beng|erda|cCaOODSP |
| 041 | |aeng|beng|bfre |
| 043 | |an-cn--- |
| 086 | 1 |aFB3-6/2025-7E-PDF |
| 100 | 1 |aEpp, Adam, |eauthor. |
| 245 | 10|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 |
| 490 | 1 |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. |
| 710 | 2 |aBank of Canada, |eissuing body. |
| 830 | #0|aStaff discussion paper (Bank of Canada)|v2025-7.|w(CaOODSP)9.806273 |
| 856 | 40|qPDF|s993 KB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-7-eng.pdf |