James Kyeong - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:40:32+00:00The Share of Systematic Variations in the Canadian Dollar—Part III
https://www.bankofcanada.ca/2018/05/staff-analytical-note-2018-13/
We draw a parallel between the dramatic increases of systematic variations in exchange rates and international bank lending. We find that when a country’s currency has a larger share of systematic variations, lending flows by international banks to that country become more sensitive to global lending - they also become more systematic. This parallel is particularly prevalent for large commodity exporters, including Canada. Global financial intermediation may open a new channel between the real economy and exchange rates.2018-05-07T06:00:27+00:00enThe Share of Systematic Variations in the Canadian Dollar—Part III2018-05-07