Financial System Review - Press Conference (Audio) - December 2014

Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins (11:15 (ET) approx.)

Other Format

December 10, 2014 Financial System Review - Press Conference (Video) - December 2014

Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins (11:15 (ET) approx.)

Financial System Review - December 2014

The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2014 issue features two reports on important developments in the financial system: rapid growth and innovation in the market for exchange-traded funds, and the increasing significance of cyber attacks to the operational resilience of financial institutions and financial market infrastructures.

Related Information

International House Price Cycles, Monetary Policy and Risk Premiums

Staff Working Paper 2014-54 Gregory Bauer
Using a panel logit framework, the paper provides an estimate of the likelihood of a house price correction in 18 OECD countries. The analysis shows that a simple measure of the degree of house price overvaluation contains a lot of information about subsequent price reversals.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods, Housing JEL Code(s): C, C2, E, E4, E43, R, R2, R21