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The Role of Long-Term Contracting in Business Lending

Staff working paper 2024-2 Phoebe Tian
This paper examines inefficiencies arising from a lack of long-term contracting in small business lending in China.
January 31, 2024

Risk management

The risk appetite is the amount and type of risk an organization takes to achieve its objectives. The Enterprise Risk Management (ERM) policy sets out the overall intent and expectations for effective ERM at the Bank of Canada.
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