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 …

reduction in mortgage loan size than lower-income households when regulation targeting total lenders’ assets tightens. In … when regulation targeting lenders’ capital requirements tightens. We also provide evidence of the different channels …