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Credit constraints and consumer spending

Beaton, Kimberly - 2009

This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability. Moreover, she provides a formal assessment of the possibility...

Persistent link: https://www.econbiz.de/10003933295

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

House Prices, Consumption and the Role of Non-Mortgage Debt

Kartashova, Katya; Tomlin, Ben - Bank of Canada - 2013

prices and debt goes beyond the purchase of real estate. We then find a positive relationship between house prices and non-mortgage … cards) for homeowners. Combining these results with the reported uses of non-mortgage debt allows us to connect house prices … the increases in house prices over the 1999-2007 period were, indeed, associated with an increase in non-mortgage debt and …

Persistent link: https://www.econbiz.de/10010602143

Housing and mortgage markets in Canada

Smith, Lawrence B. - 1970

Persistent link: https://www.econbiz.de/10000668551

Institutional mortgage lending in Canada : 1954-1968 ; an econometric analysis

Smith, Lawrence B. - 1973

Persistent link: https://www.econbiz.de/10000668601

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

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

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

A Survey and Risk Analysis of Selected Non-Bank Retail Payments Systems

Chande, Nikil - Bank of Canada - 2008

Payment services offered by non-banks have flourished in recent years. The author provides an overview of the different kinds of non-bank retail payments schemes currently available in Canada, illustrating each by focusing on a specific example. Current players in the Canadian marketplace...

Persistent link: https://www.econbiz.de/10005808274

Indebtedness and the Household Financial Health: An Examination of the Canadian Debt Service Ratio Distribution

Faruqui, Umar - Bank of Canada - 2008

The household debt-to-disposable income ratio in Canada increased from 110 per cent in 1999 to 127 per cent in 2007. This increase has raised questions about the ability of households to service their increased debt if faced with a negative economic or socio-economic shock. <br><br> The debt service...

Persistent link: https://www.econbiz.de/10005162513