000	02189cam  2200373zi 4500
001	9.888280
003	CaOODSP
005	20221107171938
006	m     o  d f
007	cr |n|||||||||
008	200615t20202020oncd    ob   f000 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
043	|an-cn---
086	1 |aFB3-6/2020-4E-PDF
100	1 |aDuprey, Thibaut, |eauthor.
245	10|aCanadian financial stress and macroeconomic conditions / |cby Thibaut Duprey.
264	1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020.
264	4|c©2020
300	|a1 online resource (iii, 27 pages) : |bgraphs (mostly colour).
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2020-4
500	|aCover title.
500	|a"Last updated: May 27, 2020."
504	|aIncludes bibliographical references (pages 26-27).
520	3 |a"I construct a new composite measure of systemic financial market stress for Canada. Compared with existing measures, it better captures the 1990 housing market correction and more accurately reflects the absence of diversification opportunities during systemic events. The index can be used for monitoring. For instance, it reached a peak during the COVID-19 pandemic second only to the 2008 global financial crisis. The index can also be used to introduce non-linear macrofinancial dynamics in empirical macroeconomic models of the Canadian economy. Macroeconomic conditions are shown to deteriorate significantly when the Canadian = financial stress index is above its 90th percentile"--Abstract, page iii.
650	0|aFinancial crises|xEconometric models|zCanada.
650	0|aCapital market|zCanada.
650	6|aCrises financières|xModèles économétriques|zCanada.
650	6|aMarché financier|zCanada.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff discussion paper (Bank of Canada)|x1914-0568 ; |v2020-4.|w(CaOODSP)9.806273
856	40|qPDF|s1.17 MB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-4-eng.pdf