The Efficiency of Canadian Capital Markets: Some Bank of Canada Research
AbstractCapital markets and their related financial instruments make an important contribution to the welfare of Canadians. The Bank of Canada is interested in the efficient functioning of capital markets through each of its responsibilities for monetary policy, the financial system, and funds management. Hendry and King highlight the key findings of Bank research published over the past year that addresses capital market efficiency and summarize lessons that have been learned. The research conducted thus far suggests that Canadian capital markets are efficient for a capital market of Canada's size but are less diverse than the U.S. capital markets, indicating that there is room for improvement in certain areas.
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Bibliographic InfoPaper provided by EconWPA in its series Finance with number 0409010.
Length: 14 pages
Date of creation: 07 Sep 2004
Date of revision:
Note: Type of Document - pdf; pages: 14. Published in Bank of Canada Review 2004 (Summer):5-17.
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capital market efficiency; Canada; bond; equity; foreign exchange; derivatives; securitization.;
Other versions of this item:
- Scott Hendry & Michael R. King, 2004. "The Efficiency of Canadian Capital Markets: Some Bank of Canada Research," Bank of Canada Review, Bank of Canada, vol. 2004(Summer), pages 5-17.
- F3 - International Economics - - International Finance
This paper has been announced in the following NEP Reports:
- NEP-FIN-2004-09-12 (Finance)
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