Carlos Cañón

Research Economist at BoE | Visiting Research Fellow at KBS

Research

Publications

• “An Unconventional FX Tail Risk Story” (2024), with Eddie Gerba, Alberto Pambira and Evarist Stoja. Bank of England SWP, and CES ifo. Data of Monetary and Liquidity Measures here. Accepted with minor revisions at Journal of International Money and Finance.

• “Capital flows: The Role of Fund Manager Portfolio Reallocation“ (2024), with Georgia Bush. Forthcoming at the Journal of International Economics.

• “Aggregate Risk and Lending Decisions in the Interbank Market” (2024), with Alejandro Bernales, Anuar Bechara and Nicolas Garrido. Forthcoming at the Journal of Money Credit and Banking.

• ``Bank Competition and the Cost of Finance: Evidence using Mexican Loan Level Data'' (2022), International Review of Economics and Finance, 79, pp 56-74. (With Edgar Cortes & Rodolfo Guerrero).

• ``Bid-ask Spread and Liquidity Searching Behavior of Informed Investors in Option Markets'' (2017), Finance Research Letters, Vol 25, pp 96-102. (With Alejandro Bernales and Thanos Verousis), link.

• ``Correlated Bank Runs, Interbank Markets and Reserve Requirements'' (2014), Journal of Banking and Finance, Vol 49, pp 515-533. (With Paula Margaretic), link

• ``Market Design and Market Failure'' (2013), in Handbook of Rational Choice Research, Stanford University Press. (With Guido Friebel & Paul Seabright), link

• ``El Colegio del Rosario y la reforma universitaria Santanderista'' (2002), Revista de Economía del Rosario, Vol. 5, No. 2. (With Luis Fajardo & Juanita Villaveces)

 Working Paper

• “Regulatory stringency as a competitive tool for financial centres” (2024), with Misa Tanaka and John Thanassoulis

• “"I've got the power" Asymmetric Relationships in the Gilt Markets” (2024), with Jozef Barunik and Eddie Gerba.

• “The effects of two-way lending between financial conglomerates in bilateral repo markets” (2023), with Karoll Gómez & Jorge Florez. Under submission. SSRN.

• “International Transmission of Monetary Policy Through Local Money Market Activity by Global Bank Subsidiaries” (2024), with Alejandro Bernales and Anuar Bechara. Under submission.

• ``Collateralized-Uncollateralized Relative Funding Activity under High Levels of Systemic Stress'' (2022), with Alejandro Bernales, Anuar Bechara & Nicolas Garrido. Under submission (R&R).

• ``Measuring Compound Dynamics of Trading Activity Interactions between Financial Markets'' (2023), with Alejandro Bernales, Anuar Bechara & Nicolas Garrido. Under submission.

• ``Belief Mismatch and Banks' Risk Taking: Evidence from the Repo Market in Mexico'' (2021), with Adrian Pardo. SSRN.

Data we share:

• Monetary and Liquidity Measures from G7+3 Central Banks (2000 - 2021): Here

Scratching the surface of:

• Market power of repo dealers.

• Transmission channels for liquidity shocks at the money markets

• Network externalities within financial intermediation

Old working papers:

• ``Matching and Information Provision by One-Sided and Two-Sided Platforms'', 2013

• ``Determinants of Fixed-Income Funds Redemptions: The Role of Cross Fund Investments'' (2019), with Adrián Pardo.

• ``A Functional Data Approach for Measuring Systemic Risk'' (2018), with Santiago Gallon & Santiago Olivar). Banco de Mexico's Working Paper 2016-01. Slides. Code.

• ``Distributional policy effects with many treatment outcomes: The assessment of a government intervention in Mexico'', 2017. Banco de Mexico's Working Paper 2016-01. Slides