The measures policymakers have put in place to cool down household borrowing appear to have had at least one positive effect: The risk of a debt crisis in Canada has come down significantly over the past year.
The Geneva-based Bank for International Settlements , a sort of"central bank of central banks," tracks countries' exposure to a banking crisis through a measure known as the credit-to-GDP gap.When the amount of private-sector debt rises above its long-term trend, an economy is considered to be at heightened risk. The BIS considers 10 per cent to be the"critical threshold" above which a banking crisis could happen in short order.
What country is listed as the country that fall the fastest & farthest from Grace?
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