Bio

Matías Vieyra is a Senior Economist in the Financial Stability Department at the Bank of Canada. His research interests are macroeconomics, monetary economics, and heterogeneous-agent models. He received his Ph.D. in Economics from University of California, Los Angeles.

Research Field(s): Household Finance Housing Macroeconomic Theory Macroeconomics Monetary and Fiscal Policy Monetary Economics Quantitative Macroeconomics

Staff working papers

A Q-Theory of Banks

Staff Working Paper 2021-44 Juliane Beganau, Saki Bigio, Jeremy Majerovitz, Matías Vieyra
Using stock market data on banks, we show that the book value of loans recognizes losses with a delay. This delayed accounting is important for regulation because the requirements regulators impose are based on book values.
Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial stability, Financial system regulation and policies JEL Code(s): E, E4, E44, G, G2, G21, G3, G32, G33

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