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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.849060&sl=0
| Department/Agency |
|
|---|---|
| Title | Recent evolution of Canada's credit-to-GDP gap : measurement and interpretation / by Thibaut Duprey, Tim Grieder and Dylan Hogg. |
| Series title |
|
| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
| Electronic document | |
| Note(s) |
|
| Publishing information |
|
| Author / Contributor |
|
| Description | 8 p. : graphs |
| Catalogue number |
|
| Subject terms |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.Page details
- Date modified: