David Cimon (@CimonEcon) header
David Cimon (@CimonEcon) profile picture

David Cimon

@CimonEcon

Finance researcher. Vegan who hates salads. Also, private pilot, scuba diver, and Habs fan. Views of this account are my own.

 Ottawa, Canada
davidcimon.ca
Joined September 2012
  • Tweets483
  • Following99
  • Followers159
47Media
Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)Photo by David Cimon (@CimonEcon)
New Discussion Paper. "Central Bank Crisis Interventions: A Review of the Recent Literature on Potential Costs": papers.ssrn.com/abstract=466…
1
74
Central banks may engage in large-scale lending and asset purchases to stabilize financial markets and implement monetary policy during crises. The ability of these actions to restore financial market functioning is well documented; however, they come with costs.
1
47
We provide a literature review of the costs associated with these central bank actions. We find support for the premise that crisis actions may negatively impact market liquidity, distort asset prices, create conflicts between monetary and financial stability objectives.
40
PhD students in Economics and Finance: Submissions for the Bank of Canada Graduate Student Paper Award are open until September 8th, 2023: bankofcanada.ca/wp-content/u… Finalists will present their work at the Bank of Canada on November 6, 2023. 1/
1
16
46
14,727
We invite papers in all fields of economics and finance, especially in macroeconomics, corporate finance, asset pricing, monetary economics, industrial organization, international trade, growth, labor economics, digital currencies and fintech, and applied econometrics. 2/
1
2
497
This is a great opportunity to present your work, get feedback and meet other economists in your field. Full eligibility is in the call for papers. 3/3
1
359
New version of our working paper, "Cyber Risk and Security Investment" with Toni Ahnert, @mikerostructure and @algoriordan, available here: papers.ssrn.com/sol3/papers.…. 1/
1
3
163
We develop a game-theoretic economic model in which firms invest in cybersecurity to protect themselves and their clients from cyber attacks. in our model, security investment is unobservable, and firms signal their investment to attract clients. 2/
1
97
To improve efficiency, a regulator can impose a minimum level of security investment or legislate consumer protection to induce firms to invest the efficient amount in cyber security. Our results support regulatory efforts to increase transparency around cyber security. 3/3
62
Have a new working paper out, titled "Crowdfunding and Risk": papers.ssrn.com/sol3/papers.… In this paper, I create a model to show that crowdfunding may enable unique products to reach the consumer market. 1/3
1
1
4
1,033
In this model, entrepreneurs like crowdfunding for risky projects where demand is uncertain, but not for large, safe projects or for projects where production costs are uncertain. 2/3
1
83
In the end, depending on project characteristics and the source of an entrepreneur's uncertainty, they may prefer rewards-based crowdfunding, equity-crowdfunding or conventional bank loans. 3/3
1
71
A story in 2 parts: 1) What a lovely day to climb Mont Tremblant. 2) Oh God, the rain!
Image from David Cimon (@CimonEcon)
Image from David Cimon (@CimonEcon)
4
The Bank of Canada is hiring research assistants from recent and upcoming Bachelor's-level graduates. Poster here: careers.bankofcanada.ca/s/QL…
The Bank of Canada is hiring on the 2022-2023 PhD Job Market: careers.bankofcanada.ca/s/Ii…
2
4
We’re sure teachers🍎 are already thinking about the coming school year. We’d like to help with our roster of economic lesson plans. Search our site by keyword, grade or subject.👉 ow.ly/SlpG50JAe2U
Circles with illustrations of business over a background image of industry.

ALT Circles with illustrations of business over a background image of industry.

1
9
1
12
"Cyber Security and Ransomware in Financial Markets" with Toni Ahnert, Mike Brolley (@mikerostructure) and Ryan Riordan (@algoriordan) now available as a Bank of Canada Staff Working Paper: bankofcanada.ca/2022/07/staf…
Cyber Risk and Security Investment

Cyber Risk and Security Investment

We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We derive testable implications about clients’ vulnerability to...

bankofcanada.ca
1
2
5
We develop a principal-agent model of cyber-attacking with fee-paying clients who delegate security decisions to financial platforms. We find that in equilibrium, ransomware attacks are more likely to be successful than theft-type attacks.
1
We show that platforms optimally underinvest in security when it is unobservable to their clients. Regulating security investment (e.g., minimum security standards) or improving transparency (e.g., security ratings) can improve welfare.
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening #economy #cdnecon ow.ly/9VYj50JUTGq
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening

Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%.

bankofcanada.ca
76
190
103
268
Load more