The BoC Review for Spring 2008 is now available, comprised of three articles:
- Canada’s Experience with a Flexible Exchange Rate in the 1950s: Valuable Lessons Learned
- Price Discovery Across Geographic Locations in the Foreign Exchange Market
- Developing a Framework to Assess Financial Stability: Conference Highlights and Lessons
I regret that I am not much interested in Foreign Exchange, but the third article, reporting on a Financial Stability conference, is most interesting. Most of the papers presented are available on the BoC website and I’ll be working through them – slowly! – in the course of the next few weeks.
Update, 2008-5-23: One paper discussed the previously reported Stress Testing on Australian Banks : Housing Implosion. I have updated that post.
[…] 2008-5-23: This exercise was discussed at a Bank of Canada conference reported in the Spring, 2008, Review. Interestingly, the author observed: Conversely, having banks undertake the exercise themselves […]
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