Results 71 to 80 of about 644 (189)
Monetary and Macroprudential Policies under Dollar‐Denominated Foreign Debt
Journal of Money, Credit and Banking, EarlyView.Abstract This paper studies monetary and macroprudential policies in a small open economy that borrows from abroad in foreign currency. The model features a novel mechanism in which exchange rate depreciation triggered by a borrowing constraint is amplified through balance of payments adjustments, increasing the real burden of foreign debt and causing ...
HIDEHIKO MATSUMOTO
wiley +1 more source
Macroprudential Policy on Banking Sector in Indonesia
Trikonomika, 2018 This study investigates the implementation of macroprudential policy on banking sector and society. The research applied a descriptive analysis by using an in-depth interview with Bank Indonesia, representative of commercial bank, and society. The result
Feny Putri Emyliani +3 more
doaj +1 more source
Evaluation of central bank independence, macroprudential policy, and credit gap in developing countries. [PDF]
PLoS One, 2023 Anwar CJ +4 more
europepmc +1 more source
Macroprudential policy with leakages [PDF]
Journal of International Economics, 2018 Julien Bengui, Javier Bianchi
openaire +1 more source
Global Factors in Noncore Bank Funding and Exchange Rate Flexibility
Journal of Money, Credit and Banking, EarlyView.Abstract We show that fluctuations in the ratio of noncore to core funding in the banking systems of advanced economies are largely driven by three global factors of both real and financial natures, with country‐specific factors playing only a minor role. Exchange rate flexibility helps insulate the noncore to core ratio from such global factors.
LUÍS A.V. CATÃO +2 more
wiley +1 more source
Macroprudential Policy in the Euro Area
Journal of Money, Credit and Banking, EarlyView.Abstract This paper examines the development and impact of macroprudential policies in the euro area. We construct a novel index that captures the stance of macroprudential policy, and we highlight its main stylized facts since the inception of the euro in 1999. We combine a narrative approach and a structural VAR method to show that both unanticipated
ÁLVARO FERNÁNDEZ‐GALLARDO +1 more
wiley +1 more source
REFLECTIONS ON THE CREATION OF A NEW ARCHITECTURE OF THE MONETARY AND MACROPRUDENTIAL POLICY PROCESS* [PDF]
Economica, 2019 The article explains the conceptual principles of macro-prudential policy, a new political focus. Such a political concept involves four steps: defining policy objectives for macroprudential policies, choosing intermediate targets and indicators ...
Natalia STEFIRTA
doaj
Does macroprudential policy alleviate the adverse impact of COVID-19 on the resilience of banks? [PDF]
J Bank Financ, 2023 Igan D, Mirzaei A, Moore T.
europepmc +1 more source
The Journal of Finance, EarlyView.ABSTRACT We show that FX interventions can be effective, particularly in attenuating global financial spillovers. We exploit global financial shocks and Brazilian central bank interventions in FX derivatives using three matched administrative registers: bank credit (to firms), foreign credit to banks, and employer‐employees. After the U.S.
RODRIGO BARBONE GONZALEZ +3 more
wiley +1 more source
Testing Distributional Granger Causality With Entropic Optimal Transport
Journal of Time Series Analysis, EarlyView.ABSTRACT We develop a novel nonparametric test for Granger causality in distribution based on entropic optimal transport. Unlike classical mean‐based approaches, the proposed method directly compares the full conditional distributions of a response variable with and without the history of a candidate predictor.
Tao Wang
wiley +1 more source