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.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.849060&sl=1
| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | Recent evolution of Canada's credit-to-GDP gap : measurement and interpretation / by Thibaut Duprey, Tim Grieder and Dylan Hogg. |
| Titre de la série | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-25 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | Title from cover. Includes bibliographical references. Text in English, abstract in English and French. |
| Information sur la publication | Ottawa : Bank of Canada, 2017. |
| Auteur / Contributeur | Duprey, Thibaut. Grieder, Tim J. Hogg, Dylan. |
| Description | 8 p. : graphs |
| Numéro de catalogue |
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| Descripteurs | Economic indicators Financial analysis Gross domestic product |
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