An efficient and effective financial system facilitates strong economic growth. Ensuring the continued provision of financial services — that is, maintaining the stability of the financial system — is therefore key. This special report focuses on this stability objective and draws from the Centre for International Governance Innovation's research of international best practice to offer suggestions on how Canada can build on the strengths of its governance regime to further bolster its financial stability policy framework. Implementing these recommendations would greatly contribute to bolstering the financial sector’s resilience to adverse and unexpected shocks that will inevitably emerge from various sources.
About the Authors
Domenico Lombardi is director of the Global Economy Program and a member of the executive management committee at the Centre for International Governance Innovation (CIGI). He also serves on the advisory boards of the Peterson Institute for International Economics and the Bretton Woods Committee in Washington, and is a member of the Steering Committee of the Asian Economic Panel.
Pierre Siklos is a CIGI senior fellow. His research interests include applied time series analysis and monetary policy, with a focus on inflation and financial markets. Pierre is a research associate at Australian National University’s Centre for Macroeconomic Analysis and a senior fellow at the Rimini Centre for Economic Analysis.
Samantha St. Amand is a CIGI senior research associate in the Global Economy Program. She has a B.A. (honours) in economics from Wilfrid Laurier University and an M.A. in economics from the University of Waterloo. Samantha previously worked as a research assistant at the Viessmann European Research Centre in Waterloo.