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

Author

Listed:
  • Andisheh (Andy) Danaee
  • Harsimran Grewal
  • Brad Howell
  • Guillaume Ouellet Leblanc
  • Xuezhi Liu
  • Xiangjin Shen
  • Mayur Patel

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.

Suggested Citation

  • Andisheh (Andy) Danaee & Harsimran Grewal & Brad Howell & Guillaume Ouellet Leblanc & Xuezhi Liu & Xiangjin Shen & Mayur Patel, 2022. "How well can large banks in Canada withstand a severe economic downturn?," Staff Analytical Notes 2022-6, Bank of Canada.
    • Handle: RePEc:bca:bocsan:22-6
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    File URL: https://www.bankofcanada.ca/2022/05/staff-analytical-note-2022-6/
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    More about this item

    Keywords

    Financial institutions; Financial stability;

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G1 - Financial Economics - - General Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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