Credit and credit aggregates, Financial institutions, Financial markets, Financial services, Financial stability, Financial system regulation and policies, International financial markets, Lender of last resort, Market structure and pricing, Monetary policy implementation, Payment clearing and settlement systems
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A Financial Stability Analysis of Zombie Firms in Canada
We measure the prevalence of zombie firms in Canada and assess how they could potentially affect the financial system. -
The Effect of Mortgage Rate Resets on Debt: Evidence from TransUnion (Part I)
This note studies how decreases in mortgage rates affect the behaviour of borrowers in terms of spending on durable goods and repaying debt. -
A Spatial Model of Bank Branches in Canada
Using data on bank branch locations across Canada from 2008 to 2018, we explore an interesting aspect of bank branch competition—geographic concentration. We find that bank branch density does not correlate with geographic and market concentration; however, we do find strong correlation with postal-code demographics.