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Record W4391092276 · doi:10.3138/cpp.2023-004

Canadian Shadow Banks and Monetary Policy Effectiveness

2024· article· fr· W4391092276 on OpenAlexaffvenueabout
Jeremy Kronick, Yan Wendy Wu

Bibliographic record

VenueCanadian Public Policy · 2024
Typearticle
Languagefr
FieldEconomics, Econometrics and Finance
TopicBanking stability, regulation, efficiency
Canadian institutionsWilfrid Laurier University
Fundersnot available
KeywordsPolitical scienceEconomicsHumanitiesPhilosophy

Abstract

fetched live from OpenAlex

Les banques parallèles, telles que les fonds d’investissement, les fonds spéculatifs et les sociétés de financement hypothécaire, ont connu une croissance rapide ces dernières années. Le présent article examine le lien entre la politique monétaire et la croissance des banques parallèles et, par extension, la stabilité financière au Canada. S’appuyant sur les données mensuelles des marchés financiers de 1991 à 2015, l’article révèle tout d’abord qu’une mesure de contraction monétaire n’entraîne pas la réduction attendue des prêts aux entreprises et des prêts hypothécaires des banques parallèles, comme c’est le cas pour les crédits des banques à charte. Cette constatation laisse à penser que tandis que les banques parallèles ont gagné en importance, l’efficacité de la politique monétaire en matière de réduction de l’inflation a été compromise. Cet article fournit des éléments de preuves à l’appui de cette hypothèse en adoptant une approche vectorielle autorégressive bayésienne à deux étapes et à coefficients variant dans le temps.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.030
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.065
Threshold uncertainty score0.472

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0040.030
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0020.003
Science and technology studies0.0030.002
Scholarly communication0.0040.001
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0120.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.014
GPT teacher head0.227
Teacher spread0.212 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes3
Has abstractyes

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