How to Predict Financial Stress? An Assessment of Markov Switching Models Staff Working Paper 2017-32 Benjamin Klaus, Thibaut Duprey This paper predicts phases of the financial cycle by using a continuous financial stress measure in a Markov switching framework. The debt service ratio and property market variables signal a transition to a high financial stress regime, while economic sentiment indicators provide signals for a transition to a tranquil state. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Central bank research, Econometric and statistical methods, Financial markets, Financial stability, Financial system regulation and policies, Monetary and financial indicators JEL Code(s): C, C5, C54, G, G0, G01, G1, G15
August 4, 2017 Weekly Financial Statistics - 4 August 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
July 21, 2017 Weekly Financial Statistics - 21 July 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
Firm Heterogeneity, Technological Adoption, and Urbanization: Theory and Measurement Staff Working Paper 2017-27 Alex Chernoff This paper develops a model of firm heterogeneity, technological adoption, and urbanization. In the model, welfare is measured by household real income, and urbanization is measured by population density. I use the model to derive statistics that measure the effect of a new technology on productivity, welfare, and urbanization. Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Productivity, Regional economic developments JEL Code(s): N, N6, N61, O, O1, O14, R, R1, R13
Complementing the Credit Risk Assessment of Financial Counterparties with Market-Based Indicators Staff Analytical Note 2017-15 Guillaume Ouellet Leblanc, Maarten van Oordt The Bank’s internal credit risk assessment abilities are regularly enhanced. In this note, we present a recent innovation that extends the set of market-based indicators used in the credit risk assessment of financial counterparties. Content Type(s): Staff research, Staff analytical notes Topic(s): Credit risk management, Financial institutions JEL Code(s): G, G1, G10, G2, G24
September 14, 2017 Summary of Monetary Policy Framework Issues: Toward the 2021 Inflation-Target Renewal The day-long workshop, held at the Bank, brought out wide-ranging views on the goals of monetary policy, the effectiveness of monetary policy tools, the role of transparency and communications, and lessons learned from other central banks.
October 13, 2017 Weekly Financial Statistics - October 13, 2017 Content Type(s): Publications, Historical: Weekly Financial Statistics
September 21, 2017 4th Bank of Canada-Bank of Spain Workshop on International Financial Markets Workshop held on September 21, 2017. Content Type(s): Conferences and workshops
October 10, 2017 Historical chartered bank liabilities and shareholders’ equity: Month-end (formerly C4) Inactive: Starting with reference month October 2020, the Bank of Canada no longer updates this table. Content Type(s): Banking and financial statistics
October 11, 2017 Historical corporate and other short-term paper outstanding (formerly F2) Inactive: Starting with reference month September 2020, the Bank of Canada no longer updates this table. Content Type(s): Banking and financial statistics