Publications and Research

December 2008

Download the full text
PDF format, 1 MB

• Risk Assessment
• Introduction
• Potential Risks
• Funding and liquidity
• Capital adequacy
• Household balance sheets
• Global economic downturn
• Global imbalances and currency volatility
• Policy Actions and Assessment

• The Macrofinancial Environment
• Financial Markets
• Money Markets
• Policy response to ease strains in markets
• Canadian response
• Corporate debt markets
• Balance Sheets of the Non-Financial Sector
• Credit Growth
• Corporate sector
• House prices
• Canadian household sector
• Financial Institutions
• Banks
• Life and health insurance companies

• Reports
• Introduction
• Credit, Asset Prices, and Financial Stress in Canada
  by Miroslav Misina, Pierre St-Amant, and Greg Tkacz
• Fair Value Accounting and Financial Stability
  by Éric Chouinard and Peter Youngman
• The Impact of Sovereign Wealth Funds on the International Financial System
  by Tamara Gomes

• Policy and Infrastructure Developments
• Introduction
• Liquidity Risk at Banks: Trends and Lessons Learned from the Recent Turmoil
  by Jim Armstrong and Gregory Caldwell

• Researh Summaries
• Introduction
• A Model of Housing Boom and Bust in a Small Open Economy
  by Hajime Tomura
• The Role of Bank Capital in the Propagation of Shocks
  by Césaire Meh and Kevin Moran
• Good Policies or Good Fortune: What Drove the Compression in Emerging-Market Spreads?
  by Philipp Maier and Garima Vasishtha