Belkhir, Mohamed; Ben Naceur, Samy; Candelon, Bertrand; … - 2020
lower incidence of systemic banking crises. Our empirical setup is designed to account for the potential direct and indirect … effects that macroprudential policies can have on banking crises. We find that while macro-prudential policies exert a direct … Generalized Impulse Response Function analysis of a dynamic system composed of the probability of a banking crisis and economic …