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...

With an increasingly integrated global financial system, we frequently observe that shocks to individual asset markets affect financial markets worldwide. The aim of this paper is to quantify the comovements between bond markets in the US and emerging market economies using daily data from prior...

This paper examines how monetary and macroprudential policies interact and possibly complement each other in achieving their respective price and financial stability objectives. We first review the Canadian experience of housing market cycles and highlight the need to coordinate the two sets of...

Up to a point, banks and markets both foster economic growth. Beyond that limit, expanded bank lending or market-based financing no longer adds to real growth. But when it comes to moderating business cycle fluctuations, banks and markets differ considerably in their effects. In normal...

In supporting the phase-out of the fossil fuels, Roof Top Photovoltaic (RTPV) deployment has been adopted worldwide as an important step of a bottom-up driving pathway of citizens' transformation to become net energy producers within the community of their localized building environment....

This study aims to reveal the complex mechanism influencing technology standard competitiveness (TSC) in the artificial intelligence industry. Compared with research using traditional linear models, this research adopts the fuzzy-set qualitative comparative analysis (fsQCA) method to obtain the...