resilience of the financial system, we lay out a menu of macroprudential policies that deactivate this channel of financial …

calibrate borrower-based macroprudential tools. The proposed approach is very flexible and is particularly useful when there is … risk conditional on policy. It also enables counterfactual analysis and the evaluation of macroprudential policy …

This paper describes how behavioral elements are relevant to financial supervision, regulation, and central banking. It …

(SE losses) into macroprudential stress testing. SE losses are measured using a reduced-form model to value financial …

Sector-specific macroprudential regulations increase the riskiness of credit to other sectors. Using firm-level data …-specific macroprudential tools is followed by a rise in riskier corporate lending. Quantitatively, such unexpected tightening during a period …

Using a sample that covers more than 100 countries over the 2000-2017 period, we assess the impact of macroprudential … policies on financial stability. In particular, we examine whether the activation of macroprudential policies is conducive to a … effects that macroprudential policies can have on banking crises. We find that while macro-prudential policies exert a direct …

. Both results have important implications for macroprudential policies and financial regulations …

measures of capital flow management, such as capital controls and macroprudential policies. In our main results, we show that … higher levels of capital controls and macroprudential policies both dampen the sensitivity to the global factor. Furthermore …

This paper examines empirically the role of macroprudential policy in addressing the effects of external shocks on … prior tightening of macroprudential policies dampens this effect. These results are strong for small open economies, and …