Government of Canada

About: Government of Canada is a government organization based out in Ottawa, Ontario, Canada. It is known for research contribution in the topics: Monetary policy & Productivity. The organization has 796 authors who have published 886 publications receiving 21366 citations. The organization is also known as: federal government of Canada & Her Majesty's Government.

Systemic Risk of European Banks: Regulators and Markets

Abstract: Rules and regulations may have different impacts on risk-taking by individual banks and on banks’ systemic risk levels. That is why implementing prudential rules and policies requires careful consideration of their impact on bank risk and systemic risk. This chapter assesses whether market-based measures of systemic risk and recent regulatory indicators provide similar rankings on the systemically importance of large European banks. We find evidence that regulatory indicators of systemic importance are positively related to systemic risk. In particular, banks with higher scores on regulatory indicators have a stronger link to the system in the event of financial stress, rather than having a higher level of bank risk.

Comparison of Technology and Capital Costs for New Home Services

Abstract: This paper compares on a per subscriber basis the capital cost requirements of several new home services provided via a number of delivery system alternatives. The study was limited to alarm monitoring, electronic information, messaging, energy load management and pay-TV services, since it is expected that these services will play an important role among new telecommunicatin services offered to homes during the 1980' s. Since the role and penetration of new network architectures and technologies in the local distribution plant during the 80's is uncertain only existing off-air broadcast, telephone and coaxial cable networks and their suitably augmented versions have been considered as delivery network alternatives.

Industry Characteristics and the Law of One Price

Abstract: The paper investigates the law of one price (LOP), using 84 Canada/U.S. manufacturing prices over 1961–1996.We find that while there is a long-run relationship between Canadian and U.S. prices, industries vary in terms of adherence to the LOP. In industries with higher degree of market competition and integration, the correlation between Canadian and U.S. prices becomes stronger.

'Should' Means 'Shall': A Critical Analysis of the Obligation to Submit Information under Article 13.1 of the DSU in the Canada - Aircraft Case

Abstract: In the case Canada - Measures Affecting the Export of Civilian Aircraft, the Appellate Body found that disputing parties had a legal obligation to submit information and documents requested of them by panels. The Appellate Body based this finding on the third sentence of Article 13.1 of the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU). The Appellate Body further found that panels have a right to draw adverse inferences when requests for the production of documents and information are not heeded. This finding was based on the procedure set out in Annex V of the Agreement on Subsidies and Countervailing Measures (SCM Agreement), even though Annex V is expressly restricted to proceedings under Article 7 of the SCM Agreement. This article describes and analyses the findings of the Appellate Body. It argues that they are consistent with neither the text of the DSU nor the intentions of the drafters. Moreover, the Appellate Body's analysis of the 'duty' of disputing parties to submit information and documents to arbitral tribunals, and the right of such tribunals to draw adverse inferences, is far broader than those provided in public international law. The article concludes with some institutional and systemic concerns triggered by the new case law.