Why Are Canadian Banks More Resilient?
Author/Editor: Rocco Huang, Lev Ratnovski
Release Date: © July, 2009
ISBN
: 978-1-45187-299-6
Stock #: WPIEA2009152
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
This paper explores factors behind Canadian banks' relative resilience in the ongoing credit turmoil. We identify two main causes: a higher share of depository funding (vs. wholesale funding) in liabilities, and a number of regulatory and structural factors in the Canadian market that reduced banks' incentives to take excessive risks. The robust predictive power of the depository funding ratio is confirmed in a multivariate analysis of the performance of 72 largest commercial banks in OECD countries during the turmoil.
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Taxonomy
Balance of payments , Bank regulations , Banks and banking , Economic policy , Financial institutions and markets , Fiscal policy , Inflation , Monetary policy
More publications in this series: Working Papers
More publications by: Rocco Huang ; Lev Ratnovski