00000nam 2200000za 4500 9.849060 CaOODSP 20250821075105 cr ||||||||||| 171220s2017 oncd #ob f000 0 eng d CaOODSP eng eng fre n-cn--- FB3-7/2017-25E-PDF Duprey, Thibaut. Recent evolution of Canada's credit-to-GDP gap [electronic resource] : measurement and interpretation / by Thibaut Duprey, Tim Grieder and Dylan Hogg. Ottawa : Bank of Canada, 2017. 8 p. : graphs Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-25 Title from cover. Includes bibliographical references. "Over the past several years, the Bank for International Settlements has noted that Canada’s credit-to-GDP gap has widened and is above thresholds indicating future banking stress. In this note we take a closer look at the subcomponents of credit and find that (i) excluding non-financial government enterprises narrows the credit-to-GDP gap to well below worrisome thresholds and (ii) excluding borrowings between interrelated corporations (i.e., focusing only on borrowing through banks or financial markets) significantly decreases the level of the credit to GDP ratio and modestly widens the gap. We also review the literature and discuss the benefits and limitations of using the credit-to-GDP gap as a measure of vulnerabilities in the Canadian financial system"--Abstract. Text in English, abstract in English and French. gccst Economic indicators gccst Financial analysis gccst Gross domestic product Grieder, Tim J. Hogg, Dylan. Bank of Canada. Staff analytical note (Bank of Canada) 2369-9639 ; 2017-25. (CaOODSP)9.807323 PDF 390 KB https://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-25-eng.pdf