COVID and Financial Stability: Practice Ahead of Theory

Jing Yang, Hélène Desgagnés, Grzegorz Halaj and Yaz Terajima

No 2022-18, Discussion Papers from Bank of Canada

Abstract: 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 questions that are being tackled by staff at the Bank. These include the uneven impact of the pandemic on households’ financial conditions and how it affects the transmission of policy, the challenges associated with setting banks’ countercyclical capital buffers, detecting imbalances in a buoyant housing market, and policy coordination challenges.

Keywords: Coronavirus disease (COVID-19); Financial stability; Financial system regulation and policies (search for similar items in EconPapers)
JEL-codes: E58 E61 G21 H3 H84 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2022-08
New Economics Papers: this item is included in nep-ban, nep-cba and nep-fmk
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:22-18

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