How well can large banks in Canada withstand a severe economic downturn?

Andisheh Danaee, Harsimran Grewal, Brad Howell, Guillaume Ouellet Leblanc (), Xuezhi Liu, Xiangjin Shen and Mayur Patel

No 2022-6, Staff Analytical Notes from Bank of Canada

Abstract: We examine the potential impacts of a severe economic shock on the resilience of major banks in Canada. We find these banks would suffer significant financial losses but nevertheless remain resilient. This underscores the role well-capitalized banks and sound underwriting practices play in supporting economic activity in a downturn.

Keywords: Financial institutions; Financial stability (search for similar items in EconPapers)
JEL-codes: E E27 E37 E44 G1 G23 (search for similar items in EconPapers)
Date: 2022-05
New Economics Papers: this item is included in nep-ban, nep-fdg and nep-mac
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