We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …

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 …