Results 61 to 70 of about 16,676 (269)

Preventive macroprudential policy

Journal of Financial Management, Markets and Institutions, 2013
This piece discusses the framework for macroprudential policy in concrete terms. It raises three points. It makes a strong case for preventive tools over ex-post intervention, seeking to complement the Basel III individual buffer approach by targeting risk externalities.
Goodhart Charles A.E., Perotti Enrico
openaire   +2 more sources

A Structural Model of Mortgage Offset Accounts in the Australian Housing Market*

Economic Record, EarlyView.
I study a novel institutional feature of Australian housing markets: the widespread use of mortgage offset accounts. These accounts reduce mortgage interest costs and increase mortgage liquidity. I build a heterogeneous agent life‐cycle model of the Australian housing market to study who uses and benefits from these mortgage products.
James Graham
wiley   +1 more source

Two Dimensions of Financial Openness: Gross and Net Effects on Financial Development in the European Union

European Financial Management, EarlyView.
ABSTRACT We examine how financial openness (FO) affects financial development in EU countries, distinguishing its size and quality. Gross financial openness, measured by foreign assets and liabilities, reflects international integration and shows an inverted U‐shaped link with development: intermediate levels of openness enhances efficiency, but ...
Hyun‐Jung Nam, Doojin Ryu
wiley   +1 more source

Macroprudential policy stance assessment: the case of Croatia

Public Sector Economics
This paper contributes to the literature on empirical macroprudential policy (MP) stance assessment. The main purpose of this framework is to evaluate the potential benefits and costs of MP tools and instruments that have been employed in a financial ...
Tihana Škrinjarić
doaj   +1 more source

On the growing accountability of central banks for financial stability–the macroprudential perspective

Economics and Business Review, 2018
The aim of this paper is to identify and assess, on a comparative, intra-country basis, the existing practices and developments in central bank accountability for financial stability, from a new-macroprudential policy-perspective.
Matysek-Jędrych Anna
doaj   +1 more source

Geopolitical Risk and Domestic Bank Deposits

Financial Management, EarlyView.
ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou, Theodore Kapopoulos, Steven Ongena, Athanasios Sakkas   +3 more
wiley   +1 more source

Coordinating Monetary and Macroprudential Policies [PDF]

Journal of Money, Credit and Banking, 2013
This paper studies noncooperative games between a monetary authority and a macroprudential regulator whose objectives are a subset of those in the social loss function. The analysis is based on a New Keynesian model with a financial sector and a financial friction à la Gertler and Karadi (2011). When the friction affects the financing of all factors of
Bianca De Paoli, Matthias Paustian
openaire   +3 more sources

Bank IPOs and Regulations: Cross‐Country Evidence

Financial Review, EarlyView.
ABSTRACT The present paper investigates the effect of banking industry regulations on bank initial public offering (IPO) underpricing. We approach this question from both a micro‐level and macro‐level regulatory perspective. First, we conduct our analysis within a micro framework, focusing on the effect of disclosure rules on IPO underpricing.
Maria‐Eleni K. Agoraki, Dimitrios Gounopoulos, Georgios P. Kouretas   +2 more
wiley   +1 more source

ANALISIS DAMPAK BAURAN KEBIJAKAN MAKROPRUDENSIAL, INFLATION TARGETING DAN KEBIJAKAN FISKAL TERHADAP SIKLUS KEUANGAN INDONESIA DALAM SISTEM KURS MENGAMBANG [PDF]

, 2017
Maintaining financial stability system is an important duty of monetary authority, unstable financial system could potentially impact losses to economy of a country.
KURNIA, Akhmad Syakir, SIMATUPANG, Avendri Sutrisno   +1 more
core  

Out of Many, Many: Variation in East Central Europe Financial Governance Despite the EU's Single Market

JCMS: Journal of Common Market Studies, EarlyView.
Abstract Following the global financial crisis, European financial authorities introduced a host of new initiatives intended to advance market integration, improve the quality of bank oversight and enhance both economic stability and prospects for growth.
Dóra Piroska, Rachel A. Epstein
wiley   +1 more source