Home » The Dark Side of Bank Wholesale Funding by Lev Ratnovski
The Dark Side of Bank Wholesale Funding Lev Ratnovski

The Dark Side of Bank Wholesale Funding

Lev Ratnovski

Published May 31st 2005
ISBN : 9781282846425
ebook
28 pages
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 About the Book 

Klyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-termMoreKlyuev (2008) concluded that the Canadian market for housing finance is highly advanced and sophisticated, but financing options were somewhat limited, particularly at terms longer than five years. This paper argues that the paucity of longer-term loans is caused by a five-year maturity cap on government-guaranteed deposit insurance, and a prepayment penalty limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime borrowers are comparable to those in the United States.