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| 02051nam 2200337za 4500 |
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| 001 | 9.849060 |
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| 003 | CaOODSP |
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| 005 | 20221107153828 |
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| 007 | cr ||||||||||| |
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| 008 | 171220s2017 oncd #ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-7/2017-25E-PDF |
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| 100 | 1 |aDuprey, Thibaut. |
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| 245 | 10|aRecent evolution of Canada's credit-to-GDP gap |h[electronic resource] : |bmeasurement and interpretation / |cby Thibaut Duprey, Tim Grieder and Dylan Hogg. |
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| 260 | |aOttawa : |bBank of Canada, |c2017. |
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| 300 | |a8 p. : |bgraphs |
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| 490 | 1 |aStaff analytical note = Note analytique du personnel, |x2369-9639 ; |v2017-25 |
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| 500 | |aTitle from cover. |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"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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| 546 | |aText in English, abstract in English and French. |
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| 692 | 07|2gccst|aEconomic indicators |
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| 692 | 07|2gccst|aFinancial analysis |
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| 692 | 07|2gccst|aGross domestic product |
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| 700 | 1 |aGrieder, Tim J. |
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| 700 | 1 |aHogg, Dylan. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff analytical note,|x2369-9639 ; |v2017-25.|w(CaOODSP)9.807323 |
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| 856 | 40|qPDF|s390 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-7-2017-25-eng.pdf |
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