1.

Record Nr.

UNINA9910812020303321

Autore

Huang Rocco

Titolo

Why Are Canadian Banks More Resilient? / / Rocco Huang, Lev Ratnovski

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

1-4623-3558-6

1-4527-3795-9

1-4518-7299-2

9786612843662

1-282-84366-4

Edizione

[1st ed.]

Descrizione fisica

1 online resource (21 p.)

Collana

IMF Working Papers

Altri autori (Persone)

RatnovskiLev

Disciplina

338.29317

Soggetti

Risk management

Banks and banking - Canada

Accounting

Banks and Banking

Finance: General

Investments: Stocks

Corporate Finance

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financial Institutions and Services: Government Policy and Regulation

Public Administration

Public Sector Accounting and Audits

Pension Funds

Non-bank Financial Institutions

Financial Instruments

Institutional Investors

Portfolio Choice

Investment Decisions

Financial Institutions and Services: General

Banking

Financial reporting, financial statements

Financial services law & regulation

Investment & securities

Finance



Ownership & organization of enterprises

Financial statements

Capital adequacy requirements

Stocks

Liquidity

Public financial management (PFM)

Financial institutions

Asset and liability management

Financial regulation and supervision

Business enterprises

Economic sectors

Banks and banking

Finance, Public

Asset requirements

Economics

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"June 2009."

Nota di contenuto

Contents; I. Introduction; II. Fundamentals of Canadian Banks; A. Bank Fundamentals and Peer Comparison; B. Capital Ratios; Tables; 1. Subsample of Banks; 2. Capital Ratios; C. Liquidity; D. Funding Structure; 3. Balance Sheet Liquidity; 4. Depository Funding; E. Multivariate Regression Analysis; 5. The Determinants of Bank performance during the Financial Turmoil; F. Asset-Side Exposures; III. Regulatory and Structural Environment in Canada; A. Capital Regulation; B. Liquidity Framework in Canada; C. Banking Market Structure; IV. Conclusions; References

Sommario/riassunto

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.