Bergant, Katharina; Grigoli, Francesco; Hansen, … - 2020
We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging … markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital … liquidity, foreign currency mismatches, and risky forms of credit. We also find that tighter macroprudential regulation allows …