01552cas a2200241 a 4500 AALejournalIMF013377 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475587050 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Canada : Selected Issues. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (60 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the impact of high household debt on economic volatility in Canada. The debt per se may not necessarily be a risk for economic activity; it can amplify other shocks as well. A few studies have emphasized the link between the growth of household debt before 2007 and the severity of the Great Recession. Economies with debt tend to experience more severe housing busts and recessions. If household debt ratios are not stabilized, the vulnerability of the Canadian economy is likely to be high. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/041 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/041/002.2013.issue-041-en.xml IMF e-Library