Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/322472 
Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
Bank of Canada Staff Discussion Paper No. 2025-10
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
Assessing insolvency dynamics is essential for evaluating the financial health of nonfinancial corporations and mitigating macroeconomic and financial stability risks. This study leverages a newly created Statistics Canada dataset linking insolvency records with firm-level financial data to develop a robust framework for monitoring insolvency risk. We employ two complementary approaches: a univariate threshold method that establishes critical financial ratio benchmarks and a multivariate econometric model that accounts for interactions among financial indicators. These methods produce debt-at-risk measures that enhance risk assessment by combining simplicity with analytical depth. Finally, we apply these metrics to timely firm-level data, enabling continual monitoring of financial vulnerabilities.
Schlagwörter: 
Credit and credit aggregates
Econometric and statistical methods
Financial stability
Firm dynamics
JEL: 
D22
G33
L20
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Dokumentart: 
Working Paper
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