Carlos Cañón

Senior Research Economist at BoE | Visiting Research Fellow at KBS

Research

Publications

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

• “An Unconventional FX Tail Risk Story” (2024), Journal of International Money and Finance, vol 148 (With Eddie Gerba, Alberto Pambira and Evarist Stoja) link . Previous versions Bank of England SWP, and CES ifo. Data of Monetary and Liquidity Measures here.

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

• ``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) link.

• ``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 & Code to share:

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

• Code for “Regulatory stringency as a competitive tool for financial centres”: Simulations, NLP

• Code for Functional systemic risk (old Banxico WP): Code.

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