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296
result(s)
Implementing Market-Based Indicators to Monitor Vulnerabilities of Financial Institutions
Staff Analytical Note 2016-5
Cameron MacDonald,
Maarten van Oordt,
Robin Scott
This note introduces several market-based indicators and examines how they can further inform the Bank of Canada’s vulnerability assessment of Canadian financial institutions. Market-based indicators of leverage suggest that the solvency risk for major Canadian banks has increased since the beginning of the oil-price correction in the second half of 2014.
Content Type(s):
Staff research,
Staff analytical notes
Topic(s):
Financial institutions,
Financial stability
JEL Code(s):
G,
G1,
G10,
G2,
G21
Timing of Banks’ Loan Loss Provisioning During the Crisis
Staff Working Paper 2016-27
Leo de Haan,
Maarten van Oordt
We estimate a panel error correction model for loan loss provisions, using unique supervisory data on flow of funds into and out of the allowance for loan losses of 25 Dutch banks in the post-2008 crisis period. We find that these banks aim for an allowance of 49% of impaired loans.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial stability
JEL Code(s):
G,
G0,
G01,
G2,
G21,
G3,
G32
The Doug Purvis Memorial Lecture—Monetary/Fiscal Policy Mix and Financial Stability: The Medium Term Is Still the Message
Staff Discussion Paper 2016-13
Stephen S. Poloz
In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Financial stability,
Fiscal policy,
Monetary policy framework
JEL Code(s):
E,
E3,
E37,
E5,
E6,
E63
On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient?
Staff Discussion Paper 2016-12
Patricia Palhau Mora,
Michael Januska
Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20’s post-crisis agenda for financial regulatory reform.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial stability,
Financial system regulation and policies,
Monetary policy framework
JEL Code(s):
E,
E5,
E52,
G,
G0,
G01,
G2,
G21,
G23,
G28
The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit
Staff Working Paper 2016-26
Jason Allen,
Kiana Basiri
We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions. Rule changes steered debtors out of division I proposals and into the more cost-effective division II proposals.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates,
Financial institutions,
Financial system regulation and policies
JEL Code(s):
D,
D1,
D14,
G,
G2,
K,
K3,
K35
On the Nexus of Monetary Policy and Financial Stability: Effectiveness of Macroprudential Tools in Building Resilience and Mitigating Financial Imbalances
Staff Discussion Paper 2016-11
H. Evren Damar,
Miguel Molico
This paper reviews the Canadian and international evidence of the effectiveness of macroprudential policy measures in building resilience and mitigating financial imbalances. The analysis concludes that these measures have broadly achieved their goal of increasing the overall resilience of the financial system to the buildup of imbalances and increasing the financial system’s ability to withstand adverse shocks.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Credit and credit aggregates,
Financial stability,
Financial system regulation and policies
JEL Code(s):
E,
E5,
E51,
E58,
G,
G1,
G18,
G2,
G28
Early Warning of Financial Stress Events: A Credit-Regime-Switching Approach
Staff Working Paper 2016-21
Fuchun Li,
Hongyu Xiao
We propose an early warning model for predicting the likelihood of a financial stress event for a given future time, and examine whether credit plays an important role in the model as a non-linear propagator of shocks.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial stability
JEL Code(s):
C,
C1,
C12,
C14,
G,
G0,
G01,
G1,
G17
Retail Order Flow Segmentation
Staff Working Paper 2016-20
Corey Garriott,
Adrian Walton
In August 2012, the New York Stock Exchange launched the Retail Liquidity Program (RLP), a trading facility that enables participating organizations to quote dark limit orders executable only by retail traders.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Financial system regulation and policies,
Market structure and pricing
JEL Code(s):
G,
G1,
G14,
G2,
G20,
L,
L1,
L10
Should Monetary Policy Lean Against Housing Market Booms?
Staff Working Paper 2016-19
Sami Alpanda,
Alexander Ueberfeldt
Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household debt.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Financial stability,
Housing,
Monetary policy framework
JEL Code(s):
E,
E4,
E44,
E5,
E52,
G,
G0,
G01