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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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Credit constraints and consumer spending
Beaton, Kimberly - 2009
spending when it undergoes large changes. In this respect, she estimates a consumption function in which only large expansions …
Persistent link: https://www.econbiz.de/10003933295
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Credit Constraints and Consumer Spending
Beaton, Kimberly - Bank of Canada - 2009
spending when it undergoes large changes. In this respect, she estimates a consumption function in which only large expansions …
Persistent link: https://www.econbiz.de/10005015331
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House Prices, Consumption and the Role of Non-Mortgage Debt
Kartashova, Katya; Tomlin, Ben - Bank of Canada - 2013
This paper examines the relationship between house prices and consumption, through the use of debt. Using unique … and nonhousing consumption - this connection is new to the literature on house prices and consumption. We conclude that … non-housing consumption. Our results can be thought of as the establishment of a conservative lower bound for the overall …
Persistent link: https://www.econbiz.de/10010602143
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The Usefulness of Consumer Confidence Indexes in the United States
Desroches, Brigitte; Gosselin, Marc-André - Bank of Canada - 2002
Persistent link: https://www.econbiz.de/10005673327
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Uninsurable Investment Risks and Capital Income Taxation
Meh, Césaire A.; Terajima, Yaz - Bank of Canada - 2009
This paper studies the capital accumulation and welfare implications of reducing capital income taxation in a general equilibrium economy with uninsurable investment risks. It has been shown that, with uninsurable investment risks, under-accumulation of capital may result compared to the...
Persistent link: https://www.econbiz.de/10005808306
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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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Banks’ Financial Distress, Lending Supply and Consumption Expenditure
Damar, H. Evren; Group, Reint; Mordel, Adi - Bank of Canada - 2014
The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures … consumption. Instead, we show that households compensate by drawing down liquid assets. Only households without the ability to …
Persistent link: https://www.econbiz.de/10010762051
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Household Risk Management and Actual Mortgage Choice in the Euro Area
Ehrmann, Michael; Ziegelmeyer, Michael - Bank of Canada - 2014
Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between fixed-interest-rate mortgages (FRMs) and adjustable-interest-rate mortgages (ARMs). However, so far, no comprehensive cross-country study has analyzed what determines household...
Persistent link: https://www.econbiz.de/10010762046