
Gitanjali Kumar
Director
- Ph.D. Economics, University of California Los Angeles (2011)
- M.Sc. Economics, London School of Economics (2006)
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Staff working papers
Bank publications
Financial System Review articles
December 15, 2016
Monitoring Shadow Banking in Canada: A Hybrid Approach
In Monitoring Shadow Banking in Canada: A Hybrid Approach, Bo Young Chang, Michael Januska, Gitanjali Kumar and André Usche discuss how lending that occurs outside the traditional banking system provides benefits to the economy but must be monitored carefully for potential financial sector vulnerabilities. They describe how the Bank defines and measures shadow banking and how it assesses vulnerabilities in the sector, using an approach that examines both markets and entities.
June 11, 2015
Assessing Vulnerabilities in the Canadian Financial System
The authors present the four common cyclical vulnerabilities that appear in financial systems, providing examples of qualitative and quantitative indicators used to monitor these vulnerabilities across different sectors. They also discuss other inputs to the vulnerability assessment and to the internal process used at the Bank of Canada for identifying, evaluating and communicating vulnerabilities and risks, and highlight some of the key challenges in assessing financial system vulnerabilities and risks.Journal publications
Journal articles
- "On the size distortion of tests after an overidentifying restrictions pretest",
(with Patrik Guggenberger), Journal of Applied Econometrics, forthcoming.
Other research
- “Re-evaluating the impact of the Reagan tax cuts”, 2010
- “News shocks and international business cycles”, 2010