18  Ahearne and others (2005) obtain similar results. 19  The slope coefficient of –3.93 is statistically significant at the 1 percent level (t = –2.84, p = 0.0109).
Finally, I’ll discuss the next steps we’re planning at the Bank of Canada to promote a smoothly functioning and safe financial system. The crisis and its lessons The seeds of the crisis were sown in a time when liquidity seemed to be everywhere. Think back to 2006, when it was relatively easy for businesses to get loans and households to take out mortgages.