COVID-19 and financial stability : practice ahead of theory

by Jing Yang, Hélène Desgagnes, Grzegorz Hałaj and Yaz Terajima

The COVID-19 pandemic forced policy-makers to deploy a range of unprecedented measures to support the economy. In this discussion paper, we discuss the outcome of the economic measures implemented in the context of financial stability in Canada. We also present related challenging policy questions that are being tackled by staff at the Bank. These include the uneven impact of the pandemic on households' financial conditions and how it affects the transmission of policy, the challenges associated with setting banks' countercyclical capital buffers, detecting imbalances in a buoyant housing market, and policy coordination challenges.

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Year of publication:	[2022]
Authors:	Yang, Jing ; Desgagnes, Hélène ; Hałaj, Grzegorz ; Terajima, Yaz
Publisher:	Ottawa, Ontario, Canada : Bank of Canada
Subject:	Coronavirus disease (COVID-19) \| Financial stability \| Financial system regulation and policies \| Coronavirus \| Welt \| World \| Finanzkrise \| Financial crisis \| Finanzmarkt \| Financial market \| Wirkungsanalyse \| Impact assessment \| Finanzsystem \| Financial system

Extent:	1 Online-Ressource (circa 18 Seiten) Illustrationen
Series:	Staff discussion paper. - Ottawa : [Verlag nicht ermittelbar], ISSN 1914-0568, ZDB-ID 2437267-5. - Vol. 2022, 18
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.34989/sdp-2022-18 [DOI] hdl:10419/297064 [Handle]
Classification:	H3 - Fiscal Policies and Behavior of Economic Agents ; h84 ; G21 - Banks; Other Depository Institutions; Mortgages ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E58 - Central Banks and Their Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013363001