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Measures of aggregate credit conditions and their potential use by central banks
García, Alejandro; Prokopiw, Andrei - 2009
Understanding the nature of credit risk has important implications for financial stability. Since authorities notably, central banks focus on risks that have systemic implications, it is crucial to develop ways to measure these risks. The difficulty lies in finding reliable measures of aggregate...
Persistent link: https://www.econbiz.de/10003933233
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Ownership Concentration and Competition in Banking Markets
Lai, Alexandra; Solomon, Raphael - Bank of Canada - 2006
Many countries prohibit large shareholdings in their domestic banks. The authors examine whether such a restriction restrains competition in a duopolistic loan market. Blockholders may influence managers' output decisions by choosing capital structure, as in Brander and Lewis (1986). For the...
Persistent link: https://www.econbiz.de/10005162422
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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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Regulatory changes and financial structure : the case of Canada
Calmès, Christian - 2004
Persistent link: https://www.econbiz.de/10002175247
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Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem; Xu, TengTeng - Bank of Canada - 2013
This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on business cycle dynamics. Firms are identical ex ante but differ ex post due to different realizations of firm-specific...
Persistent link: https://www.econbiz.de/10010849962
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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
of different types of risk with respect to a bank’s balance-sheet management. Particular attention is given to the …
Persistent link: https://www.econbiz.de/10010849976
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A Model of Tiered Settlement Networks
Chapman, James; Chiu, Jonathan; Molico, Miguel - Bank of Canada - 2008
This paper develops a model of settlement system to study the endogenous structure of settlement networks, and the welfare consequences of clearing agent failure. The equilibrium degree of tiering is endogenously determined by the cost structure and the information structure. The degree of...
Persistent link: https://www.econbiz.de/10005220954
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When Is It Less Costly for Risky Firms to Borrow? Evidence from the Bank Risk-Taking Channel of Monetary Policy
Paligorova, Teodora; Santos, João A. C. - Bank of Canada - 2012
supporting evidence for the bank risk-taking channel of monetary policy. We show that banks charge lower spreads when they lend … are low is robust to borrower-, loan-, and bank-specific factors as well as to macroeconomic factors known to affect loan … rates. The discount is also robust to bank-firm fixed effects. Finally, our tests that build on the micro information banks …
Persistent link: https://www.econbiz.de/10009653926
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The Impact of Operational Events on the Network Structure of the LVTS
Roberts, Tom - Bank of Canada - 2011
established. For example, the effect of a partial outage at a big six bank that has a net payment balance of $1 billion is …
Persistent link: https://www.econbiz.de/10009323065
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Measuring Systemic Importance of Financial Institutions: An Extreme Value Theory Approach
Gravelle, Toni; Li, Fuchun - Bank of Canada - 2011
evidence reveals that (i) the top three banks, RBC Financial Group, TD Bank Financial Group, and Scotiabank are more …
Persistent link: https://www.econbiz.de/10009326653