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Consumption, housing collateral, and the Canadian business cycle
Christensen, Ian; Corrigan, Paul; Mendicino, Caterina; … - 2009
Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of this paper is to quantify the role of collateralized household debt in the Canadian business cycle. Our findings show that the...
Persistent link: https://www.econbiz.de/10003933334
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Housing and mortgage markets in Canada
Smith, Lawrence B. - 1970
Persistent link: https://www.econbiz.de/10000668551
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Canadian Bank Balance-Sheet Management: Breakdown by Types of Canadian Financial Institutions
Chen, David Xiao; Damar, H. Evren; Soubra, Hani; … - Bank of Canada - 2012
The authors document leverage, capital and liquidity ratios of banks in Canada. These ratios are important indicators of different types of risk with respect to a bank’s balance-sheet management. Particular attention is given to the observations by different types of banks, including small...
Persistent link: https://www.econbiz.de/10010849976
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Lessons from the Financial Crisis: Bank Performance and Regulatory Reform
Arjani, Neville; Paulin, Graydon - Bank of Canada - 2013
The financial systems of some countries fared materially better than others during the global financial crisis of 2007-09. The performance of the Canadian banking system during this period was relatively strong. Using a case study approach together with empirical analysis, we assess some of the...
Persistent link: https://www.econbiz.de/10010722802
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Funding Advantage and Market Discipline in the Canadian Banking Sector
Beyhaghi, Mehdi; D'Souza, Chris; Roberts, Gordon S. - Bank of Canada - 2013
We employ a comprehensive data set and a variety of methods to provide evidence on the magnitude of large banks’ funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the Canadian banks. The banking sector in Canada provides a...
Persistent link: https://www.econbiz.de/10010723573
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An Analysis of Closure Policy under Alternative Regulatory Structures
Caldwell, Greg - Bank of Canada - 2005
The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close. Assuming that the closure decision is credible, the welfare implications of two resolution regimes are considered. In one case, a...
Persistent link: https://www.econbiz.de/10005673267
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Modelling Financial Instability: A Survey of the Literature
Lai, Alexandra - Bank of Canada - 2002
Persistent link: https://www.econbiz.de/10005808334
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Competition in Banking: A Review of the Literature
Northcott, Carol Ann - Bank of Canada - 2004
The author reviews the theoretical and empirical literature to examine the traditional perception that the following trade-off exists between economic efficiency and stability in the banking system: a competitive banking system is more efficient and therefore important to growth, but market...
Persistent link: https://www.econbiz.de/10005808358
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Best Instruments for Market Discipline in Banking
Caldwell, Greg - Bank of Canada - 2007
The author develops a dynamic model of banking competition to determine which capital instrument is most effective in disciplining banks' risk choice. Comparisons are conducted between equity, subordinated debentures (SD), and uninsured deposits (UD) as funding sources. The model, adapted from...
Persistent link: https://www.econbiz.de/10005808365
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Subordinated Debt and Market Discipline in Canada
Caldwell, Greg - Bank of Canada - 2005
, are incorporated. Results for domestic banks show that, whenever there exists a high degree of gross impaired non-mortgage … loans and mortgage writeoffs relative to assets, banks are less likely to issue SD. In contrast, increases in past-due (but … still unimpaired) non-mortgage loans have a positive effect on SD issuance. This suggests that domestic banks 'time' their …
Persistent link: https://www.econbiz.de/10005808400