Hélène Desgagnés - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:13:39+00:00The Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic Implications
https://www.bankofcanada.ca/2017/09/staff-working-paper-2017-36/
I examine the impact of non-regulated lenders in the mortgage market using a dynamic stochastic general equilibrium (DSGE) model. My model features two types of financial intermediaries that differ in three ways: (i) only regulated intermediaries face a capital requirement, (ii) non-regulated intermediaries finance themselves by selling securities and cannot accept deposits, and (iii) non-regulated intermediaries face a more elastic demand.2017-09-14T10:26:31+00:00enThe Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic Implications2017-09-14Business fluctuations and cyclesEconomic modelsFinancial system regulation and policiesHousingStaff Working Paper 2017-36https://www.bankofcanada.ca/wp-content/uploads/2017/09/swp2017-36.pdfThe Rise of Non-Regulated Financial Intermediaries in the Housing Sector and its Macroeconomic ImplicationsHélène DesgagnésSeptember 2017EE3E32E4E44E47E6E60GG2G21G23G28