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Persistent link: https://www.econbiz.de/10009248494
Using a unique micro-dataset containing real and financial information on Canadian households for 2000-07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained? (2) Do house...
Persistent link: https://www.econbiz.de/10010427078
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. The debt service...
Persistent link: https://www.econbiz.de/10010279993
The lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from...
Persistent link: https://www.econbiz.de/10010280000
The lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from...
Persistent link: https://www.econbiz.de/10003933402
Using a unique micro-dataset containing real and financial information on Canadian households for 2000-07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained? (2) Do house...
Persistent link: https://www.econbiz.de/10009678952
Persistent link: https://www.econbiz.de/10001780991
Cross-border and multicurrency payment systems have the potential to make cross-border payments faster, cheaper and more transparent. A simple taxonomy reviews the different designs and functionality of existing systems. Such systems remain rare, and most handle small volumes and values....
Persistent link: https://www.econbiz.de/10012838724
Systemically important banks and central counterparties (CCPs) interact in highly concentrated over-the-counter (OTC) derivatives markets. We outline the CCP-bank nexus to think about the endogenous interactions between banks and CCPs in periods of stress. As these interactions could potentially...
Persistent link: https://www.econbiz.de/10012894859
Retail payment systems continue to become faster and more convenient. Yet, despite increased use of electronic payments around the world, there is scant evidence of a shift away from cash. As the appetite for cash remains unabated, few societies are close to “cashless” or even...
Persistent link: https://www.econbiz.de/10012925136