Adi Mordel - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:20:13+00:00Flight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation
https://www.bankofcanada.ca/2019/08/staff-working-paper-2019-29/
Deposit insurance protects depositors from failing banks, thus making insured deposits risk-free. When a deposit insurance limit is increased, some deposits that previously were uninsured become insured, thereby increasing the share of risk-free assets in households’ portfolios. This increase cannot simply be undone by households, because to invest in uninsured deposits, a household must first invest in insured deposits up to the limit. This basic insight is the starting point of the analysis in this paper.2019-08-15T07:54:52+00:00enFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation2019-08-15Financial institutionsFinancial system regulation and policiesStaff Working Paper 2019-29https://www.bankofcanada.ca/wp-content/uploads/2019/08/swp2019-29.pdfFlight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio AllocationH. Evren DamarReint GroppAdi MordelAugust 2019DD1D14GG2G21G28LL5L51Prudential Liquidity Regulation in Banking—A Literature Review
https://www.bankofcanada.ca/2018/07/staff-discussion-paper-2018-8/
Prudential liquidity requirements are a relatively recent regulatory tool on the international front, introduced as part of the Basel III accord in the form of a liquidity coverage ratio (LCR) and a net stable funding ratio (NSFR). I first discuss the rationale for regulating bank liquidity by highlighting the market failures that it addresses while reviewing key theoretical contributions to the literature on the motivation for prudential liquidity regulation.2018-07-25T12:07:45+00:00enPrudential Liquidity Regulation in Banking—A Literature Review2018-07-25Financial institutionsFinancial system regulation and policiesStaff Discussion Paper 2018-8https://www.bankofcanada.ca/wp-content/uploads/2018/07/sdp2018-8.pdfPrudential Liquidity Regulation in Banking—A Literature ReviewAdi MordelJuly 2018GG2G21G28The Characteristics of Uninsured Mortgages and their Securitization Potential
https://www.bankofcanada.ca/2018/07/staff-analytical-note-2018-24/
Following changes to housing finance policies that target insured mortgages, uninsured mortgage credit has been growing. This robust growth creates a larger pool of mortgages that may be suitable for private-label residential mortgage-backed securities (RMBS).2018-07-18T09:35:29+00:00enThe Characteristics of Uninsured Mortgages and their Securitization Potential2018-07-18International Banking and Cross-Border Effects of Regulation: Lessons from Canada
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-34/
We study how changes in prudential requirements affect cross-border lending of Canadian banks by utilizing an index that aggregates adjustments in key regulatory instruments across jurisdictions.2016-07-22T13:03:56+00:00enInternational Banking and Cross-Border Effects of Regulation: Lessons from Canada2016-07-22Financial institutionsFinancial stabilityFinancial system regulation and policiesStaff Working Paper 2016-34https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-34.pdfInternational Banking and Cross-Border Effects of Regulation: Lessons from CanadaH. Evren DamarAdi MordelJuly 2016FF3F34GG0G01G2G21Residential Mortgage Securitization in Canada: A Review
https://www.bankofcanada.ca/wp-content/uploads/2015/12/fsr-december2015-mordel.pdf
Residential mortgage securitization plays an important role in the Canadian system of housing finance, especially given the rising share of government-supported (i.e., public) securitization over the past 15 years. Mordel and Stephens analyze the evolution of two types of mortgage securitization in Canada— private and public — focusing in particular on the underlying public policy and economic benefits of the latter. They review the potential implications of the extent of public securitization and conclude with a discussion of policies that could be considered to reinvigorate private securitization in Canada.2015-12-15T11:00:42+00:00enResidential Mortgage Securitization in Canada: A Review2015-12-15Banks’ Financial Distress, Lending Supply and Consumption Expenditure
https://www.bankofcanada.ca/2014/02/working-paper-2014-7/
The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures.2014-02-06T07:48:46+00:00enBanks’ Financial Distress, Lending Supply and Consumption Expenditure2014-02-06Credit and credit aggregatesDomestic demand and componentsFinancial institutionsWorking Paper 2014-7https://www.bankofcanada.ca/wp-content/uploads/2014/02/wp2014-7.pdfBanks’ Financial Distress, Lending Supply and Consumption ExpenditureH. Evren DamarReint GroppAdi MordelFebruary 2014EE2E21E4E44GG0G01G2G21The Ex-Ante Versus Ex-Post Effect of Public Guarantees
https://www.bankofcanada.ca/2012/07/working-paper-2012-22/
In October 2006, Dominion Bond Rating Service (DBRS) introduced new ratings for banks that account for the potential of government support. The rating changes are not a reflection of any changes in the respective banks’ credit fundamentals.2012-07-27T12:18:19+00:00enThe Ex-Ante Versus Ex-Post Effect of Public Guarantees2012-07-27Financial institutionsFinancial stabilityFinancial system regulation and policiesWorking Paper 2012-22https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-22.pdfThe Ex-Ante Versus Ex-Post Effect of Public GuaranteesH. Evren DamarReint GroppAdi MordelJuly 2012GG2G21G28G3G32The Resolution of Systemically Important Financial Institutions
https://www.bankofcanada.ca/wp-content/uploads/2012/06/fsr-0612-lai.pdf
2012-06-14T09:36:35+00:00enThe Resolution of Systemically Important Financial Institutions2012-06-14