Canada : Selected Issues.

This paper assesses the impact of high household debt on economic volatility in Canada. The debt per se may not necessarily be a risk for economic activity; it can amplify other shocks as well. A few studies have emphasized the link between the growth of household debt before 2007 and the severity o...

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Tác giả của công ty: International Monetary Fund. Western Hemisphere Dept
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2013.
Loạt:IMF Staff Country Reports; Country Report ; No. 2013/041
Truy cập trực tuyến:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper assesses the impact of high household debt on economic volatility in Canada. The debt per se may not necessarily be a risk for economic activity; it can amplify other shocks as well. A few studies have emphasized the link between the growth of household debt before 2007 and the severity of the Great Recession. Economies with debt tend to experience more severe housing busts and recessions. If household debt ratios are not stabilized, the vulnerability of the Canadian economy is likely to be high. 
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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2013/041 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2013/041/002.2013.issue-041-en.xml  |z IMF e-Library