Debt relief programs and money left on the table: evidence from Canada's response to COVID-19

Saved in:

Authors and Corporations:

Allen, Jason (Author), Clark, Robert (Author), Li, Shaoteng (Author), Vincent, Nicolas (Author)

Other Authors:

Clark, Robert [Author] • Li, Shaoteng [Author] • Vincent, Nicolas [Author]

Edition:

Last updated: March 15, 2021

Type of Resource:

E-Book

Language:

English

published:

[Ottawa] Bank of Canada [2021]

Series:

Subjects:

Credit and credit aggregates

Coronavirus disease (COVID-19)

Debt management

Graue Literatur

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

Description
Summary:	This paper analyzes the effectiveness of debt-relief programs targeting short-run household liquidity constraints implemented in Canada in response to the COVID-19 pandemic. These programs allowed individuals to push off mortgage and credit card payments and cut in half interest rates on credit card debt. Using credit bureau data, we document that, despite potential savings above
Physical Description:	1 Online-Ressource (circa 53 Seiten); Illustrationen