00000nam 2200000zi 4500 9.913462 CaOODSP 20221107182809 m o d f cr |n||||||||| 220715t20222022oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2022-28E-PDF Emenogu, Ugochi T., author. Unregulated lending, mortgage regulations and monetary policy / by Ugochi Emenogu and Brian Peterson. [Ottawa] : Bank of Canada = Banque du Canada, 2022. ©2022 1 online resource (ii, 42 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2022-28 "Last updated: June 27, 2022." Includes bibliographical references (pages 31-33). "Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated lenders. Our result shows that the presence of unregulated lenders dampens the impact of the policies on house prices and household debt. We also find that leakage to the unregulated sector increases when monetary policy is tightened"--Abstract. Monetary policy. Financial institutions. Bank loans. Politique monétaire. Institutions financières. Prêts bancaires. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2022-28. (CaOODSP)9.806221 PDF 1.52 MB https://publications.gc.ca/collections/collection_2022/banque-bank-canada/FB3-5-2022-28-eng.pdf