The size of China's financial system raises the possibility that the liberalization of its capital account could have a large effect on the global financial system. This paper provides a counterfactual scenario analysis that estimates what the size and direction of China's overseas portfolio...

The size of China's financial system raises the possibility that the liberalization of its capital account could have a large effect on the global financial system. This paper provides a counterfactual scenario analysis that estimates what the size and direction of China's overseas portfolio...

We estimate two new equations for Canadian non-commodity exports (NCX) that incorporate three important changes relative to the current equation used at the Bank of Canada. First, we develop two new foreign activity measures (FAMs), which add new components to the FAM currently used at the Bank...

Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canadafs current measure of foreign demand has created an impetus to search for an alternative. Based on a dynamic factor model (DFM) methodology, we use a broad range...

We estimate two new equations for Canadian non-commodity exports (NCX) that incorporate three important changes relative to the current equation used at the Bank of Canada. First, we develop two new foreign activity measures (FAMs), which add new components to the FAM currently used at the Bank...

Canadian exports have often disappointed since the Great Recession. The apparent disconnect between exports and the Bank of Canada fs current measure of foreign demand has created an impetus to search for an alternative. Based on a dynamic factor model (DFM) methodology, we use a broad range of...

When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China's capital account and the financial integration that will unfold will be viewed as a milestone of similar importance. This paper discusses the...

When China joined the World Trade Organization in December 2001, it marked a watershed for the world economy. Ten years from now, the opening of China's capital account and the financial integration that will unfold will be viewed as a milestone of similar importance. This paper discusses the...

In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance. From this list, about half were expected to lead the recovery in...

In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance. From this list, about half were expected to lead the recovery in...