Ian Christensen

Senior Director

Ian Christensen is Senior Director in the Bank’s Financial Markets Department. His primary interests include financial system regulation and the assessment of risks to financial stability. Ian has also worked extensively on monetary policy, specifically the financial channels of policy. He obtained his Masters in Economics from the University of Victoria.

Contact

Ian Christensen

Senior Director
Financial Markets

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

June 7, 2018

The Bank of Canada’s Financial System Survey

This report presents the details of a new semi-annual survey that will improve the Bank of Canada’s surveillance across the financial system and deepen efforts to engage with financial system participants. The survey collects expert opinions on the risks to and resilience of the Canadian financial system as well as on emerging trends and financial innovations. The report presents an overview of the survey and provides high-level results from the spring 2018 survey.

Housing Market Dynamics and Macroprudential Policy

Staff Working Paper 2016-31 Gabriel Bruneau, Ian Christensen, Césaire Meh
We perform an analysis to determine how well the introduction of a countercyclical loanto- value (LTV) ratio can reduce household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation.
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.
Content Type(s): Publications, Financial System Review Article Topic(s): Financial stability JEL Code(s): G, G0, G01, G1, G10, G2, G20

Predicting Financial Stress Events: A Signal Extraction Approach

Staff Working Paper 2014-37 Ian Christensen, Fuchun Li
The objective of this paper is to propose an early warning system that can predict the likelihood of the occurrence of financial stress events within a given period of time. To achieve this goal, the signal extraction approach proposed by Kaminsky, Lizondo and Reinhart (1998) is used to monitor the evolution of a number of economic indicators that tend to exhibit an unusual behaviour in the periods preceding a financial stress event.
November 14, 2013

Assessing Financial System Vulnerabilities: An Early Warning Approach

This article focuses on a quantitative method to identify financial system vulnerabilities, specifically, an imbalance indicator model (IIM) and its application to Canada. An IIM identifies potential vulnerabilities in a financial system by comparing current economic and financial data with data from periods leading up to past episodes of financial stress. It complements other sources of information - including market intelligence and regular monitoring of the economy - that policy-makers use to assess vulnerabilities.

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Other

Refereed Journals

Education

  • M.A., University of Victoria (1998)
  • B.A., McGill University (1996)

Research Interests

  • Macroeconomics
  • Financial stability
  • Business cycle fluctuations

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