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008220715t20222022oncd    ob   f|0| 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aFB3-5/2022-28E-PDF
1001 |aEmenogu, Ugochi T., |eauthor.
24510|aUnregulated lending, mortgage regulations and monetary policy / |cby Ugochi Emenogu and Brian Peterson.
264 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2022.
264 4|c©2022
300 |a1 online resource (ii, 42 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2022-28
500 |a"Last updated: June 27, 2022."
504 |aIncludes bibliographical references (pages 31-33).
520 |a"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.
650 0|aMonetary policy.
650 0|aFinancial institutions.
650 0|aBank loans.
650 6|aPolitique monétaire.
650 6|aInstitutions financières.
650 6|aPrêts bancaires.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2022-28.|w(CaOODSP)9.806221
85640|qPDF|s1.52 MB|uhttps://publications.gc.ca/collections/collection_2022/banque-bank-canada/FB3-5-2022-28-eng.pdf