Aizenman, Joshua; Uddin, Mohammed Gazi Salah; Luo, Tianqi; … - National Bureau of Economic Research - 2022
This paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in … ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk … effects indicates that prudential policies reduce sovereign spillover risk in the long term. These findings suggest prudential …