19:10
the difference between the banking systems, Canadian and American
A few words about the structure of U.S. banks, these banks ... and the difference.
The U.S. Federal Reserve:
1) decides the monetary policy of the United States with a dual objective of price stability and full employment, and the obligation to facilitate economic growth;
2) oversees the U.S. banking system;
3) publishes reports, such as the Beige Book, on the U.S. economy;
4) acts as a lender of last resort;
5) can influence the external value of the currency, the U.S. dollar, particularly through the use of interest rates (interest lenders) to motivate the coming or the flight of capital and thus influence the money supply and growth U.S. economy (example of disguised protectionism resulting in a subsequent devaluation of the dollar and therefore a better price competitiveness);
6) is independent of political institutions.
In the current crisis, it is this last point that has hurt the U.S. economy.
In Canada, in 1990 the government decided not to allow mergers of large Canadian banks, which determined the border between "banks" and "too big banks." In addition, our banks have kept a strict standard for granting credits.
Specify a few differences:
1) Canada has a strong regulatory system and centralized it has a different mortgage market from the United States.
2) We do not encourage the level of access to mortgage tax.
3) A mortgage sub-prime "almost not exist in Canada. In addition, a borrower has a mortgage greater than 80% must ensure its mortgage.
Finally, domestic banks are subject to substantial government regulation that is centralized. To do this, we have the "Office of the Superintendent of Financial Institutions" and "Financial Consumer Agency of Canada."
Finally, the World Economic Forum, believes that the Canadian banking system is the most "healthy" in the world.
To see rates inétrêts:
Businesses have a need for funding and will borrow. The interest rate is a cost of production, companies will pay the principal and intérêts.Si the interest rate is high, the cost of credit will be high, there will be a drop in demand for capital and investment will fall.
Households have a net lending, as they save. The interest rate is income: if the interest rate is high, the savings increase (ie traffic stops), consumption falls, output falls and unemployment increases.
There is a situation that some describe as the risk when interest rates are low.
This risk is capital flight to foreign countries where the yield is higher. In fact, if our assets are invested abroad, normally, the return from these investments, increase our wealth. Unless this is the Caisse who choose where to invest, it seems.
The U.S. Federal Reserve:
1) decides the monetary policy of the United States with a dual objective of price stability and full employment, and the obligation to facilitate economic growth;
2) oversees the U.S. banking system;
3) publishes reports, such as the Beige Book, on the U.S. economy;
4) acts as a lender of last resort;
5) can influence the external value of the currency, the U.S. dollar, particularly through the use of interest rates (interest lenders) to motivate the coming or the flight of capital and thus influence the money supply and growth U.S. economy (example of disguised protectionism resulting in a subsequent devaluation of the dollar and therefore a better price competitiveness);
6) is independent of political institutions.
In the current crisis, it is this last point that has hurt the U.S. economy.
In Canada, in 1990 the government decided not to allow mergers of large Canadian banks, which determined the border between "banks" and "too big banks." In addition, our banks have kept a strict standard for granting credits.
Specify a few differences:
1) Canada has a strong regulatory system and centralized it has a different mortgage market from the United States.
2) We do not encourage the level of access to mortgage tax.
3) A mortgage sub-prime "almost not exist in Canada. In addition, a borrower has a mortgage greater than 80% must ensure its mortgage.
Finally, domestic banks are subject to substantial government regulation that is centralized. To do this, we have the "Office of the Superintendent of Financial Institutions" and "Financial Consumer Agency of Canada."
Finally, the World Economic Forum, believes that the Canadian banking system is the most "healthy" in the world.
To see rates inétrêts:
Businesses have a need for funding and will borrow. The interest rate is a cost of production, companies will pay the principal and intérêts.Si the interest rate is high, the cost of credit will be high, there will be a drop in demand for capital and investment will fall.
Households have a net lending, as they save. The interest rate is income: if the interest rate is high, the savings increase (ie traffic stops), consumption falls, output falls and unemployment increases.
There is a situation that some describe as the risk when interest rates are low.
This risk is capital flight to foreign countries where the yield is higher. In fact, if our assets are invested abroad, normally, the return from these investments, increase our wealth. Unless this is the Caisse who choose where to invest, it seems.
As I said, I do not see any other impediments to the interest rate below that limit opportunities for speculators, especially those on exchange rates that are, in fact, the biggest speculators of finance.
source : centpapiers.com
André Lefebvre
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