Ramdane Djoudad


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Staff Discussion Papers

Méthodologie de construction de séries de taux de défaut pour l’industrie canadienne

Staff Discussion Paper 2013-2 Ramdane Djoudad, Étienne Bordeleau
Default rates are series commonly used in stress testing. In Canada, as in many other countries, there are no historical series available for sectoral default rates on bank loans to firms.

A Framework to Assess Vulnerabilities Arising from Household Indebtedness Using Microdata

Staff Discussion Paper 2012-3 Ramdane Djoudad
Rising levels of household indebtedness have created concerns about the vulnerabilities of households to adverse economic shocks and the impact on financial stability. To assess these risks, the author presents a formal stress-testing framework that uses microdata to simulate how various economic shocks affect the distribution of the debt-service ratio (DSR) for the household sector.

Staff Working Papers

Simulations du ratio du service de la dette des consommateurs en utilisant des données micro

Staff Working Paper 2009-18 Ramdane Djoudad
The author constructs a formal analytic framework to simulate the impact of various economic shocks on the household debt-service ratio, using data from the Canadian Financial Monitor (CFM) survey.

Regime Shifts in the Indicator Properties of Narrow Money in Canada

Staff Working Paper 2006-6 Tracy Chan, Ramdane Djoudad, Jackson Loi
Financial innovations and the removal of the reserve requirements in the early 1990s have made the distinction between demand and notice deposits arbitrary.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Monetary aggregates JEL Code(s): E, E4, E40, E42, E5, E50

Does Financial Structure Matter for the Information Content of Financial Indicators?

Staff Working Paper 2005-33 Ramdane Djoudad, Jack Selody, Carolyn A. Wilkins
Of particular concern to monetary policy-makers is the considerable unreliability of financial variables for predicting GDP growth and inflation.

A Small Dynamic Hybrid Model for the Euro Area

Staff Working Paper 2003-19 Ramdane Djoudad, Céline Gauthier
The authors estimate and solve a small structural model for the euro area over the 1983–2000 period. Given the assumption of rational expectations, the model implies a set of orthogonality conditions that provide the basis for estimating the model's parameter by generalized method of moments.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Transmission of monetary policy JEL Code(s): E, E3, E31

Quelques résultats empiriques relatifs à l'évolution du taux de change Canada/États-Unis

Staff Working Paper 2000-4 Ramdane Djoudad, David Tessier
This paper explores the extent to which factors other than commodity and energy prices may have contributed to the Canadian dollar's depreciation since the early 1970s. The variables considered include among others budgetary conditions and productivity.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Exchange rates JEL Code(s): F, F3, F31

Canada's Exchange Rate Regime and North American Economic Integration: The Role of Risk-Sharing Mechanisms

Staff Working Paper 1999-17 Zahir Antia, Ramdane Djoudad, Pierre St-Amant
Our contribution in this paper is threefold. First, we survey the empirical literature on consumption smoothing mechanisms of regional economic shocks. Second, building on the work of Asdrubali et al. (1996), we present evidence on the role played by various smoothing mechanisms for specific economic shocks affecting Canadian provinces. Third, we assess whether smoothing mechanisms […]
Content Type(s): Staff Research, Staff Working Papers Topic(s): Exchange rate regimes, Exchange rates JEL Code(s): F, F3, F33, F36, G, G1, G15