Césaire Meh - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T20:44:35+00:00Leverage, Balance Sheet Size and Wholesale Funding
https://www.bankofcanada.ca/2010/12/leverage-balance-sheet-size-and-wholesale-funding/
Some evidence points to the procyclicality of leverage among financial institutions leading to aggregate volatility. This procyclicality occurs when financial institutions finance their assets with non-equity funding (i.e., debt financed asset expansions). Wholesale funding is an important source of market-based funding that allows some institutions to quickly adjust their leverage.2010-12-23T15:27:10+00:00enLeverage, Balance Sheet Size and Wholesale Funding2010-12-23Financial stabilityFinancial system regulation and policiesRecent economic and financial developmentsWorking Paper 2010-39https://www.bankofcanada.ca/wp-content/uploads/2010/12/wp10-39.pdfLeverage, Balance Sheet Size and Wholesale FundingH. Evren DamarCésaire MehYaz TerajimaDecember 2010GG2G21G28Should Monetary Policy Be Used to Counteract Financial Imbalances?
https://www.bankofcanada.ca/wp-content/uploads/2010/09/boivin_summer10.pdf
The authors examine whether monetary policy should and could do more to lean against financial imbalances (such as those associated with asset-price bubbles or unsustainable credit expansion) as they are building up, or whether its role should be limited to cleaning up the economic consequences as the imbalances unwind.2010-08-19T08:32:49+00:00enShould Monetary Policy Be Used to Counteract Financial Imbalances?2010-08-19