Michael Januska

Author

Staff discussion papers

On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient?

Staff Discussion Paper 2016-12 Patricia Palhau Mora, Michael Januska
Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20’s post-crisis agenda for financial regulatory reform.
Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Financial system regulation and policies, Monetary policy framework JEL Code(s): E, E5, E52, G, G0, G01, G2, G21, G23, G28

See More

Bank publications

Financial System Review articles

December 15, 2016

Monitoring Shadow Banking in Canada: A Hybrid Approach

Financial System Review - December 2016 Bo Young Chang, Gitanjali Kumar, André Usche, Michael Januska

In Monitoring Shadow Banking in Canada: A Hybrid Approach, Bo Young Chang, Michael Januska, Gitanjali Kumar and André Usche discuss how lending that occurs outside the traditional banking system provides benefits to the economy but must be monitored carefully for potential financial sector vulnerabilities. They describe how the Bank defines and measures shadow banking and how it assesses vulnerabilities in the sector, using an approach that examines both markets and entities.
Content Type(s): Publications, Financial System Review articles Topic(s): Financial institutions, Financial markets, Financial stability JEL Code(s): G, G0, G01, G2, G23

See More