Canada: Selected Issues

February 14, 2013

Preview Citation

Format: Chicago

Canada: Selected Issues, (USA: International Monetary Fund, 2013) accessed September 18, 2024

Summary

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.

Subject: Commodity prices, Financial institutions, Foreign exchange, Housing, Housing prices, Mortgages, National accounts, Prices, Real effective exchange rates

Keywords: Commodity prices, CR, Credit growth, Debt, Global, High-leverage economy consumption, Household debt, Housing, Housing completion, Housing prices, Housing stock, ISCR, Mortgages, Price, Real effective exchange rates

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/041
Stock No:

1CANEA2013002
ISBN:

9781475587050
ISSN:

1934-7685

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