Reducing the Potential for Future Financial Crises: A Framework for Macro-Prudential Policy in Canada

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Paul Jenkins; Gordon Thiessen;
(2012)
  • Journal: C.D. Howe Institute Commentary,issue 351 May
  • Subject: Financial Services, Economic Growth and Innovation, Canada, Bank of Canada, macro-prudential policy
    • jel: jel:E58 | jel:G2 | jel:G1

Canada needs a policy framework and new governance structure beyond what is in place to reduce the potential for future financial crises. The authors make the case for establishing a formal committee with a mandate to identify potential systemic risks and to act promptl... View more
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