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008171031s2017    oncd    ob   f000 0 eng d
040 |aCaOODSP|beng
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-7/2017-14E-PDF
1001 |aLeboeuf, Maxime.
24510|aCan the Canadian international investment position stabilize a slowing economy? |h[electronic resource] / |cMaxime LeBoeuf and Chen Fan.
260 |a[Ottawa] : |bBank of Canada, |cc2017.
300 |aiii, 7 p. : |bcol. charts
4901 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2017-14
500 |aCover title.
504 |aIncludes bibliographical references (p. 5).
5203 |a"In this note, we find that valuation effects can act as an important stabilizer, strengthening Canada’s net external wealth when its economic outlook worsens relative to that of other countries. This is particularly true when the Canadian dollar depreciates against the US dollar and the Canadian outlook worsens compared with that of the United States. Such was the case during the 2014–15 oil price shock, where valuation effects boosted Canada’s net international investment position (NIIP) by 30 per cent of GDP"--Abstract, p. iii.
546 |aIncludes abstract in French.
69207|2gccst|aCapital markets
69207|2gccst|aForeign investments
69207|2gccst|aEconomic impact.
7001 |aFan, Chen.
7102 |aBank of Canada.
830#0|aStaff analytical note,|x2369-9639 ; |v2017-14|w(CaOODSP)9.807323
85640|qPDF|s934 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-14-eng.pdf