Download or read book Financial Vulnerability in Canada written by Jerry Buckland and published by Springer Nature. This book was released on 2022-03-02 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines financial vulnerability: a state in which a person or household cannot absorb any substantial spending or negative income shock without substantial financial and ultimately broader harm such as job loss, emotional harm, or mental illness. The focus of the book is on the experiences of low- income and modest income Canadian families – families which, by virtue of being in the lower income brackets, are particularly at risk of experiencing financial hardship. Looking at vulnerability from a conceptual and empirical lens, this book offers a framework to better understand the complex and interdependent ways in which financial vulnerability emerge and can be addressed. By locating its analysis of individual and household financial management in wider community, cultural, and economic contexts, this book seeks to offer holistic policy recommendations to reduce financial vulnerability, with implications that go beyond Canada and to other developed countries.
Download or read book Assessing the Financial Vulnerability of Households Across Canadian Regions written by Craig Alexander and published by . This book was released on 2011 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Assessing the financial vulnerability of households across Canadian regions written by and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For measure of debt serviceability and the share of financially- one, the quality of this data is reliant on the accuracy of vulnerable households, combined, have been allocated 40% the responses. [...] However, over the past two years, vulnerability has we've provided an "adjusted" index reading that builds in headed higher right across the board, and for the majority of the impact of an increase in the Bank of Canada's overnight regions, increases in the index began to accelerate in 2007. [...] The regions to-income ratios have been the major catalysts driving up that are most affected by this adjustment are those that have vulnerability - the debt-to-income ratio has followed an the highest share of individuals at, or near, a position of upward track in all regions since the mid-part of the 2000s, financial stress (i.e., 40% debt service ratio). [...] On the plus side, Note: micro-data data differs from national aggregates due to methodological rapidly-appreciating home prices in the province has left the differences debt-to-asset ratio - a metric of household leverage - below reflecting in large part the strength of housing markets and the Canadian average. [...] While the level of the index is not significantly Debt-service ratios have been falling and remain in a higher than third place Ontario, its rate of increase since comfortable range - despite rising indebtedness, the falling 2007 has been unrivalled across the country, pulling the cost of borrowing has been pulling down the share of income province closer to first place British Columbia.
Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Download or read book Financial Vulnerability of Canadians with the Lowest Incomes written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This infographic uses data from the 2022 Portrait of Canadian Society Survey to examine the impact of rising inflation on the lowest income Canadians. It also uses multiple pre-pandemic data sources to present personal characteristics, family income, net worth levels and poverty rate of Canadians in the bottom income quintile"--Provided by publisher.
Download or read book Work Interruptions and Financial Vulnerability written by Derek Messacar and published by . This book was released on 2020 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to massive work interruptions in Canada and several other countries since mid-March 2020. The resulting economic lockdown has raised concerns about the ability of Canadian families to meet their financial obligations and essential needs. This article focuses on families who rely primarily on earnings - wages and salaries and self-employment income - to maintain their living standards.
Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Download or read book Natural Disaster Hotspots written by Maxx Dilley and published by World Bank Publications. This book was released on 2005 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This synthesis summarizes the findings of the Global Natural Disaster Risk Hotspots project. The Hotspots project generated a global disaster risk assessment and a set of more localized or hazard-specific case studies. The synthesis draws primarily from the results of the global assessment. Full details on the data, methods and results of the global analysis can be found in volume one of Natural Disaster Hotspots: A Global Risk Analysis. The case studies are contained in volume two (forthcoming).
Download or read book Measuring Non financial Corporate Sector Vulnerabilities in Canada written by Tim Grieder and published by . This book was released on 2019 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Implementing Market based Indicators to Monitor Vulnerabilities of Financial Institutions written by Cameron MacDonald and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note introduces several market-based indicators and examines how they can further inform the Bank of Canada's vulnerability assessment of Canadian financial institutions. Market-based indicators of leverage suggest that the solvency risk for major Canadian banks has increased since the beginning of the oil-price correction in the second half of 2014. This is in contrast to accounting-based leverage measures, which indicate a stable or improving trend. Similarly, measures of insolvency risk contingent on severe financial stress (i.e., market-based stress tests) indicate that the major banks are currently more vulnerable to a sudden adverse shock than they were in the summer of 2014. Finally, a measure of financial system interconnectedness and common exposures suggests a strong link between the major banks and the rest of the financial system, as expected. In other financial subsectors, the degree of interconnectedness has exhibited an upward trend over the last two decades.
Download or read book This is Nation Building in the 21st Century written by and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Expand our knowledge of household financial vulnerability and health in Canada 5. Task Statistics Canada with the development of a national program to monitor and report regularly on the financial inclusion and health of Canadian households and any related disparities among Canadians and the causes of such disparities. [...] Expand the role and resources of the Financial Consumer Agency of Canada to Include financial empowerment of low-income and other vulnerable people to make informed financial decisions by providing tools and skill building opportunities directly and through community service entities, and by promoting a more inclusive and fair financial marketplace. [...] Make the duty to act in the best interest of the customer at all times, to the best ability of the bank and its employees, a core principle of the Consumer Protection Framework in the Bank Act. [...] We need more effective ways to monitor and assess the actual financial health of households and the challenges they are facing, and to design more dynamic and sustained processes that bring key stakeholders from all sectors together and effectively employ evidence, dialogue and collaboration to tackle key questions. [...] We therefore recommend that: 5. The government should task Statistics Canada with the development of a national program to monitor and report regularly on the financial inclusion and health of Canadian households and any related disparities among Canadians and the causes of such disparities.
Download or read book Vulnerability and Adaptation to Drought written by Harry P. Diaz and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although there is considerable historical literature describing the social and economic impact of drought on the prairies in the 1930s, little has been written about the challenges presented by drought in more contemporary times. The drought of 2001-02 was, for example, the most recent large-area, intense, and prolonged drought in Canada and one of Canada's most costly natural disasters in a century. Vulnerability and Adaptation to Drought on the Canadian Prairies describes the impacts of droughts and the adaptations made in prairie agriculture over recent decades. These adaptations have enhanced the capacity of rural communities to withstand drought. However, despite the high levels of technical adaptation that have occurred, and the existing human capital and vibrant social and information networks, agricultural producers in the prairie region remain vulnerable to severe droughts that last more than a couple of years. Research findings and projections suggest that droughts could become more frequent, more seveare, and of longer duration in the region over the course of the 21st century. This book provides insights into the conditions generating these challenges and the measures required to reduce vulnerability of prairie communities to them. This volume develops a greater understanding of the social forces and conditions that have contributed to enhanced resilience, as well as those which detract from successful adaptation and examines drought through an interdisciplinary lens encompassing climate science and the social sciences
Download or read book Systemic Banking Crises Revisited written by Mr.Luc Laeven and published by International Monetary Fund. This book was released on 2018-09-14 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises.
Download or read book Italy written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2016-02-10 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT) measures in place in Italy as at the date of the onsite visit. It analyzes the level of compliance with the Financial Action Task Force recommendations and the level of effectiveness of Italy's AML/CFT system, and provides recommendations on how the system could be strengthened. Italy has a mature and sophisticated AML/CFT regime, with a correspondingly well-developed legal and institutional framework. Law enforcement agencies access, use, and develop good quality financial intelligence. Financial sector supervisors have been using a risk-based approach to varying degrees, but their supervisory tools could be improved.
Download or read book Canada written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2013-02-14 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Cost Benefit Analysis of Leaning Against the Wind written by Mr.Lars E. O. Svensson and published by International Monetary Fund. This book was released on 2016-01-11 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of higher unemployment and lower inflation, importantly including a higher cost of a crisis when the economy is weaker. For existing empirical estimates, costs exceed benefits by a substantial margin, even if monetary policy is nonneutral and permanently affects real debt. Somewhat surprisingly, less effective macroprudential policy and generally a credit boom, with resulting higher probability, severity, or duration of a crisis, increases costs of LAW more than benefits, thus further strengthening the strong case against LAW.
Download or read book Sizing Up the Burden of Unemployment in Canada Part III written by and published by . This book was released on 1985 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: At times of high and prolonged unemployment, most workers and their families experience an income loss which can be buffered by other means. In contrast, a significant minority are far more vulnerable to low income status. When such workers are unattached individuals, heads of single-parent families, or heads of families with nobody else employed, their financial vulnerability to unemployment is even greater. This document examines income protection schemes which take into consideration families in this significant minority, and not just individuals.
