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Market Structure and the Diffusion of E-Commerce: Evidence from the Retail Banking Industry
Allen, Jason; Clark, Robert; Houde, Jean-François - Bank of Canada - 2008
This paper studies the role that market structure plays in affecting the diffusion of electronic banking. Electronic banking (and electronic commerce more generally) reduces the cost of performing many types of transactions for firms. The full benefits for firms from adoption, however, only...
Persistent link: https://www.econbiz.de/10005536851
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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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Institutional mortgage lending in Canada : 1954-1968 ; an econometric analysis
Smith, Lawrence B. - 1973
Persistent link: https://www.econbiz.de/10000668601
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Price movements in the Canadian residential mortgage market
Allen, Jason; McVanel, Darcey - 2009
The authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage … market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of … competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They …
Persistent link: https://www.econbiz.de/10003852802
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Heterogeneous beliefs and housing-market boom-bust cycles in a small open economy
Tomura, Hajime - 2009
emerge when credit-constrained mortgage borrowers expect that future house prices will rise and this expectation is neither … amplify housing-market boom-bust cycles by encouraging speculative housing investments by mortgage borrowers during housing …
Persistent link: https://www.econbiz.de/10003852849
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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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Booms and Busts in House Prices Explained by Constraints in Housing Supply
Bulusu, Narayan; Duarte, Jefferson; Vergara-Alert, Carles - Bank of Canada - 2013
We study the importance of supply constraints in explaining the heterogeneity in house price cycles across geographies in the United States. Comparing the equilibrium house price generated with and without supply constraints in a representative-agent model under irreversibility of housing...
Persistent link: https://www.econbiz.de/10010667178
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Simulations du ratio du service de la dette des consommateurs en utilisant des données micro
Djoudad, Ramdane - Bank of Canada - 2009
The author constructs a formal analytic framework to simulate the impact of various economic shocks on the household debt-service ratio, using data from the Canadian Financial Monitor (CFM) survey. The impact of these shocks on individual households depends on the socio-economic characteristics...
Persistent link: https://www.econbiz.de/10005256656
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A Framework to Assess Vulnerabilities Arising from Household Indebtedness Using Microdata
Djoudad, Ramdane - Bank of Canada - 2012
Rising levels of household indebtedness have created concerns about the vulnerabilities of households to adverse economic shocks and the impact on financial stability. To assess these risks, the author presents a formal stress-testing framework that uses microdata to simulate how various...
Persistent link: https://www.econbiz.de/10009653922
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Macroeconomic Experiences and Risk Taking of Euro Area Households
Ampudia, Miguel; Ehrmann, Michael - Bank of Canada - 2014
This paper studies to what extent the experiences of households shape their willingness to take financial risks. It follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro area households. We show that experienced stock market...
Persistent link: https://www.econbiz.de/10010762043