排序方式: 共有1条查询结果,搜索用时 15 毫秒
1
1.
Emanuella Enenajor Alex Sebastian Jonathan Witmer 《The North American Journal of Economics and Finance》2012,23(1):123-143
This paper empirically assesses the effectiveness of the Bank of Canada's term Purchase and Resale Agreement (PRA) facility in reducing funding pressures, as measured by the CDOR-OIS spread. It examines the behaviour of this spread around both term PRA announcement dates and term PRA operation dates, using an event-study methodology to control for developments in other money markets as well as proxies for Canadian banking sector credit risk. Overall, there is robust evidence that the term PRA announcements reduced bank funding costs at both 1-month and 3-month terms, whereas we find no evidence of an impact from term PRA operations. 相似文献
1