Recent evolution of Canada's credit-to-GDP gap : measurement and interpretation / by Thibaut Duprey, Tim Grieder and Dylan Hogg.: FB3-7/2017-25E-PDF
"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.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Recent evolution of Canada's credit-to-GDP gap : measurement and interpretation / by Thibaut Duprey, Tim Grieder and Dylan Hogg. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-25 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Title from cover. Includes bibliographical references. Text in English, abstract in English and French. |
| Publishing information | Ottawa : Bank of Canada, 2017. |
| Author / Contributor | Duprey, Thibaut. Grieder, Tim J. Hogg, Dylan. |
| Description | 8 p. : graphs |
| Catalogue number |
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| Subject terms | Economic indicators Financial analysis Gross domestic product |
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