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This paper provides the most comprehensive empirical study of the effectiveness of macroprudential instruments to date. Using data from 49 countries, the paper evaluates the effectiveness of macroprudential instruments in reducing systemic risk over time and across institutions and markets. The...
Persistent link: https://www.econbiz.de/10009369434
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …. Announcements of interest rate cuts, liquidity support, liability guarantees, and recapitalization were associated with a reduction … to reduce interest rates and bail out individual banks in an ad hoc manner had adverse repercussions, both domestically …
Persistent link: https://www.econbiz.de/10008559268
securities, and insurance policies. Systemic liquidity provision, deposit insurance, and bank resolution form the financial …
Persistent link: https://www.econbiz.de/10011244169
consolidating and streamlining of regional banks. …
Persistent link: https://www.econbiz.de/10011242849
The adverse impact of the crisis on Luxembourg’s growth outlook is partly mitigated by the authorities’ well-conceived fiscal policy response. The staff report for Luxembourg’s 2009 Article IV Consultation highlights economic developments and policies. It combines...
Persistent link: https://www.econbiz.de/10011244188
rate remained strong, and confidence in Icelandic banks stayed high. …
Persistent link: https://www.econbiz.de/10011244341
This Selected Issues paper discusses the effectiveness of monetary policy in the euro area in the context of the financial crisis, the need for special resolution regimes for financial institutions in the European Union (EU), and the proposed new EU financial stability arrangements. The paper...
Persistent link: https://www.econbiz.de/10011244389
The slow-paced growth rate of the U.S. economy, notwithstanding the bolstering attempts is disheartening. Implementing financial reforms and highly accommodative monetary policy are hoped to have a desired effect. Deficit reduction, debt ratio stabilizing strategies, removal of fiscal cliff...
Persistent link: https://www.econbiz.de/10011244411
exchange controls, widespread public ownership, and an abundance of domestic funding have protected banks from external shocks …, with privatization of banks halted and consumer lending suspended. The authorities have also made progress in a number of …
Persistent link: https://www.econbiz.de/10011244487
Denmark’s public expenditure as a share of GDP is the highest in the OECD. The main difference between Denmark and the median OECD country is the larger amount of social protection expenditure. The public health expenditure of Denmark is the second highest in the OECD. Following years of...
Persistent link: https://www.econbiz.de/10011244534