Econ Focus

Fourth Quarter 2013

Why Was Canada Exempt from the Financial Crisis?

Canada has avoided crises for 180 years, while we have been prone to them. Can we recreate its stability here?

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Related Links

Bordo, Michael D., Angela Redish, and Hugh Rockoff. "Why Didn't Canada Have a Banking Crisis in 2008 (Or In 1930, Or 1907, Or …)?" National Bureau of Economic Research Working Paper no. 17312, August 2011. (Paper available online by subscription.)

Bordo, Michael D., and Angela Redish. "Why Did the Bank of Canada Emerge in 1935?" Journal of Economic History, June 1987, vol. 47, no. 2, pp. 405-417. (Paper available online by subscription.)

Calomiris, Charles W., and Stephen H. Haber. "Why Banking Systems Succeed — And Fail: The Politics Behind Financial Institutions." Foreign Affairs, November/December 2013.

Gravelle, Toni, Timothy Grieder, and Stéphane Lavoie. "Monitoring and Assessing Risks in Canada's Shadow Banking Sector." Bank of Canada Financial System Review, June 2013, pp. 55-63.

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