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Thomas J. Courchene,Edwin H. Neave,John Deutsch Institute for the Study of Economic Policy
Author : Thomas J. Courchene,Edwin H. Neave,John Deutsch Institute for the Study of Economic Policy Publisher : Kingston, Ont. : John Deutsch Institute for the Study of Economic Policy Page : 334 pages File Size : 47,9 Mb Release : 1997 Category : Business & Economics ISBN : STANFORD:36105019323885
Putting Consumers First by Jack M. Mintz,C.D. Howe Institute,James E. Pesando Pdf
From the back cover: Canadians will soon be debating specific proposals for changes to regulations for the financial services industry that are slated for implementation in 1997....This volume examines a set of policy questions that are central to the 1997 legislative review. The book is a collection of papers, each examining a different policy question. The first is motivated by the need for an objective assessment of the link between competition, concentration and profitability, with particular attention paid to major banks. The second reviews the basic issues in the design of Canada's payments system, through which financial institutions clear transactions with each other. The final paper evaluates the impact of rapidly changing computer, communication and networking technologies.
Crisis and Reform by Rohinton P. Medhora,Dane Rowlands Pdf
The financial crisis that erupted in 2008 severely affected the global economy, plunging most countries into a recession with aftershocks still being felt today. Canada was able to weather the crisis well in comparison to many euro-zone countries and the United States, but it did not escape unscathed. Two major themes are explored in this volume: Canada’s role in the international financial system and the Canadian policy response to the global financial crisis. These themes are examined in light of the shift from the classical gold standard to Bretton Woods to the “non-system” of late, the finance-trade crossover agenda, the changing role of central banks, the European Monetary Union, developing countries and a post-financial crisis global political economy. What becomes clear in this volume is that Canada plays a powerful role, which belies its size, in the development of the financial system and its regulation at an international level. Crisis and Reform: Canada and the International Financial System — the 28th volume of the influential Canada Among Nations series — examines the global financial crisis through Canada’s historical and current role in the international financial system. Canada has been held up as a shining example of good governance during the financial crisis, and its prominent role within international financial institutions should grow as Canada continues as a leading player in the global financial system.
Task Force on the Future of the Canadian Financial Services Sector
Author : Task Force on the Future of the Canadian Financial Services Sector Publisher : Unknown Page : 83 pages File Size : 50,8 Mb Release : 1996 Category : Electronic ISBN : OCLC:56311140
Task Force on the Future of the Canadian Financial Services Sector,McKinsey and Company
Author : Task Force on the Future of the Canadian Financial Services Sector,McKinsey and Company Publisher : Task Force Page : 328 pages File Size : 42,6 Mb Release : 1998 Category : Business & Economics ISBN : UIUC:30112045727093
The Changing Landscape for Canadian Financial Services by Task Force on the Future of the Canadian Financial Services Sector,McKinsey and Company Pdf
This report begins by examining the state of Canadian financial services, focusing on personal services such as retail banks, credit unions, and retail asset management. Information is provided on the key players in the financial services industry, their products and performance, and how they compare internationally. The forces reshaping the industry are then reviewed, including technological advances, increasing consumer sophistication, regulatory reform, and globalization. The impact of these forces of change on banks, life insurance companies, and other Canadian financial institutions is assessed. The competitiveness of these institutions and their potential competitive strategies are analyzed, along with the degree to which their Canadian clients (wholesale, commercial, and retail consumer) are served. Finally, international regulatory responses to the forces of change are explored and various options for national policy goals are evaluated.
Bank Capital by Ouarda Merrouche,Ms. Enrica Detragiache,Asli Demirgüç-Kunt Pdf
Using a multi-country panel of banks, we study whether better capitalized banks experienced higher stock returns during the financial crisis. We differentiate among various types of capital ratios: the Basel risk-adjusted ratio; the leverage ratio; the Tier I and Tier II ratios; and the tangible equity ratio. We find several results: (i) before the crisis, differences in capital did not have much impact on stock returns; (ii) during the crisis, a stronger capital position was associated with better stock market performance, most markedly for larger banks; (iii) the relationship between stock returns and capital is stronger when capital is measured by the leverage ratio rather than the risk-adjusted capital ratio; (iv) higher quality forms of capital, such as Tier 1 capital and tangible common equity, were more relevant.
Revising Canada's Financial Regulation by Edwin H. Neave,C.D. Howe Institute,Frank Milne Pdf
This paper applies a theory of financial system function and organization to an analysis of possible regulatory reforms to Canada's system of financial regulation. It begins with an overview of the financial system in Canada today, including its changing environment and the pressures for regulatory change. An economic theory of financial activity is then outlined, touching on the system's functions and market structures, the governance of different types of financial transactions, the economics of change, the determinants of financial firms' organizational structures, and some of the trade-offs involved in regulation. The theory is used in assessing proposed regulatory changes, taking into account their objectives, the treatment of similar functions, ownership and structural rules, prudential concerns, and improvements in the release of information. A list of recommendations closes the paper.
International Monetary Fund. Monetary and Capital Markets Department
Author : International Monetary Fund. Monetary and Capital Markets Department Publisher : International Monetary Fund Page : 85 pages File Size : 42,8 Mb Release : 2019-06-24 Category : Business & Economics ISBN : 9781498321112
Canada by International Monetary Fund. Monetary and Capital Markets Department Pdf
This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Financial Reform in Developing Countries by José María Fanelli,Rohinton Medhora Pdf
For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.
Critical Issues in International Financial Reform by Gustavo Indart Pdf
Critical Issues in International Financial Reform addresses weaknesses of the current international financial system and potential beneficial reforms. The focus is on the countries of Latin America and the Caribbean, but the authors also take into account relevant lessons from the experience of Canada, a country highly integrated into world and hemispheric trade and financial markets. Critical Issues offers a new perspective on a discussion too often dominated by interest groups that take strong, even rigid, positions on issues with limited understanding of the technical aspects of the issues, and little concern for the interests of the developing world. Its chapters have been written by experts in the economic, political, and social aspects of the international financial integration of developing countries. Financial crises and their associated social and economic traumas are the most apparent symptom that something is amiss in the process of world economic integration. But there are also broader questions about the nature and magnitude of the benefits and costs of increased international capital flows for different groups of countries in the developing and developed worlds. For example, even in the absence of turbulence, is it optimal for all participants that capital movements be as free as possible? Does capital inflow discourage domestic savings to a degree that should cause worry? Are some types of flows inherently more beneficial than others--for instance, direct investment flows versus flows into host stock markets? How can the instability of capital movements best be curtailed? These questions concern the contributors to this volume. This volume demonstrates that the evolution of the world financial system, its various problems, and what is or is not done about them require an understanding of the links among financial, economic, and political variables. Critical Issues in International Financial Reform is an important contribution to this debate, and will be of value to researchers in economic policy, history, and international politics. Albert Berry is professor of economics at the University of Toronto and research director of the Program on Latin America and the Caribbean. Gustavo Indart is special lecturer of economics and the coordinator of the Program on Latin America and the Caribbean at the University of Toronto.
