Why are Canadian banks more resilient?

Why are Canadian banks more resilient? / prepared by Lev Ratnovski and Rocco Huang.

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 b...

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Bibliographic Details
Main Authors: Ratnovski, Lev (Author), Huang, Rocco (Author)
Corporate Author: International Monetary Fund. Western Hemisphere Department
Format: eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/152.
Subjects:
2008-2009
Risk management.
Global Financial Crisis, 2008-2009.
Banks and banking.
Banks and banking > Canada.
risk management.
Banks and banking
Risk management
Balance sheet.
Bank.
Banking.
Business.
Capital requirement.
Economy.
Finance.
Financial market.
Financial services.
Interaction (statistics)
Bilanzstrukturmanagement.
Bankenkrise.
Kanada.
Canada
Online Access:Click for online access
Description
Summary: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.
Physical Description:1 online resource (19 pages : color illustrations.
Format:Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:Includes bibliographical references (page 19).
Reproduction Note:Electronic reproduction.
Source of Description, Etc. Note:Print version record.
Action Note:digitized

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