@article{McKeown:274705,
      recid = {274705},
      author = {McKeown, Robert},
      title = {An Overview of the Canadian Banking System: 1996 to 2015},
      address = {2017-04},
      number = {2110-2018-4515},
      series = {Working Paper No. 1379},
      pages = {58},
      year = {2017},
      abstract = {From 1996 to 2015, total assets at Canadian and foreign  banks operating in Canada grew four-times in size. This  growth occurred with neither a significant regulatory  change, such as the repeal of Glass-Steagall, nor the  introduction of new business lines, such as wealth  management or investment banking. Using data from CANSIM  and a little used dataset from OSFI, I describe how the  Canadian banks earn revenue, fund business activities, and  pay expenses. The success of the Canadian banking system  can be attributed to: i) a focus on retail and branch-level  banking, ii) a preference for deposit-financing, and iii)  minimizing costs, particularly noninterest expenses.  Furthermore, I provide a broad overview of the data,  accounting rules, and trends in Canadian banking.  Estimating a reduced form model similar to DeBoskey and  Jiang (2012), I find no evidence that the Canadian banks  manipulated the provision for credit losses to ‘smooth’  earnings.},
      url = {http://ageconsearch.umn.edu/record/274705},
      doi = {https://doi.org/10.22004/ag.econ.274705},
}