Results 11 to 20 of about 3,865,061 (285)

A Macroprudential Approach to Financial Supervision and Monetary Policy in Emerging Economies

open access: hybridKDI Journal of Economic Policy, 2012
This paper attempts to define, construct a policy framework, and analyze interactions with monetary policy of macroprudential policy. The available pieces of evidence suggest that the effects of the LTV and DTI regulations for financial stability are ...
Park, Yung Chul
doaj   +2 more sources

Macroprudential Policy during COVID-19: The Role of Policy Space

open access: yesSocial Science Research Network, 2021
This paper uses the initial phase of the COVID-19 pandemic to examine how macroprudential frameworks developed over the past decade performed during a period of heightened financial and economic stress.
Bergant K, Forbes KJ.
europepmc   +2 more sources

Tightening and Loosening of Macroprudential Policy, Its Effects on Credit Growth and Implications for the COVID-19 Crisis

open access: yesEconomic and Business Review, 2021
In this study, we analyze the effects of macroprudential measures on bank lending in the European Union. We develop several dedicated macroprudential policy indices reflecting different policy actions taken by the authorities in individual member ...
Aida Ćehajić, Marko Košak
doaj   +2 more sources

Macroprudential Policy: A Review [PDF]

open access: yesThe School of Public Policy Publications, 2015
The severity and longevity of the recession caused by the 2007 financial crisis has highlighted the lack of a reliable macro-based financial regulation framework.
Mahdi Ebrahimi Kahou, Alfred Lehar
doaj   +8 more sources

Macroprudential policy, house price fluctuation and household consumption

open access: yesTechnological and Economic Development of Economy, 2022
House purchasing has become an important asset al.ocation choice for most families in China. House price fluctuation is also one of the important factors that leads to systematic risks in the financial market, which might cause economic crises and then ...
Yang Qi   +5 more
doaj   +2 more sources

Overborrowing, underborrowing, and macroprudential policy

open access: yesJournal of Economic Theory, 2023
In this paper, we revisit the scope for macroprudential policy in production economies with pecuniary externalities and collateral constraints. We study competitive equilibria and constrained-efficient equilibria and examine the extent to which the gap ...
F. Arce, Julien Bengui, Javier Bianchi
semanticscholar   +3 more sources

An Overview of Macroprudential Policy Tools [PDF]

open access: greenIMF Working Papers, 2014
Macroprudential policies—caps on loan to value ratios, limits on credit growth and other balance-sheet restrictions, (countercyclical) capital and reserve requirements and surcharges, and Pigouvian levies—have become part of the policy paradigm in emerging markets and developed countries alike.
Stijn Claessens
openalex   +6 more sources

Do macroprudential policy instruments reduce the procyclical impact of capital ratio on bank lending? Cross-country evidence [PDF]

open access: goldBaltic Journal of Economics, 2019
In this paper, we ask about the capacity of macroprudential policies to reduce the procyclical impact of capital ratio on bank lending. We focus on aggregated macroprudential policy measures and on individual instruments and test whether their effect on ...
Małgorzata Olszak   +2 more
doaj   +2 more sources

The benefits are at the tail: Uncovering the impact of macroprudential policy on growth-at-risk

open access: yesJournal of Financial Stability, 2020
This paper brings together recent developments on the growth-at-risk methodology and the literature on the impact of macroprudential policy. For this purpose, I extend the recent proposals on the use of quantile regressions of GDP growth by including ...
Jorge E. Galán
exaly   +2 more sources

Home - About - Disclaimer - Privacy