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regulation did not take the "big picture" of the system suffciently into account and, subsequently, financial supervision mainly … "missed the forest for the trees". As a result, the need for macroprudential aspects of regulation emerged, which has recently … macroprudential regulation in creating stable, yet effcient financial systems. At the same time, I emphasize the importance of …
Persistent link: https://www.econbiz.de/10011477338
I study central supervision of local financial regulators in an economic union. Regulators each privately observe benefits from lenient local macroprudential policies. Separate deposit insurance funds allow no discretion to set policies because, with integrated financial markets, regulators...
Persistent link: https://www.econbiz.de/10012899109
We evaluate the impact of mortgage regulation on credit volumes, household balance sheets and the reaction to adverse … illustrate this further by documenting that households affected by the regulation are more likely to sell their home when …
Persistent link: https://www.econbiz.de/10012262509
This paper documents the features of a new database that focuses on changes in the intensity in the usage of several widely used prudential tools, taking into account both macro-prudential and microprudential objectives. The database coverage is broad, spanning 64 countries, and with quarterly...
Persistent link: https://www.econbiz.de/10011563021
This paper reviews the Canadian and international evidence of the effectiveness of macroprudential policy measures in building resilience and mitigating financial imbalances. The analysis concludes that these measures have broadly achieved their goal of increasing the overall resilience of the...
Persistent link: https://www.econbiz.de/10011477323
This paper provides an overview of the Reserve Bank of India's approach to macroprudential regulation and systemic risk … information. Macroprudential regulation is an inexact science with limitations and needs to be used in conjunction with other …
Persistent link: https://www.econbiz.de/10013124190
This paper analyzes the role and scope of macroprudential policy in preventing financial instability in the context of East Asian economies. It analyzes the behavior of the housing market in a dynamic setting to identify some of the factors responsible for the volatility of housing markets and...
Persistent link: https://www.econbiz.de/10013124594
This paper analyzes the conduct and effects of macroprudential policy in 11 Asian economies. Of these, India, the People's Republic of China, and the Republic of Korea frequently used loan-to-value ratios and required reserve ratios even before the global financial crisis. India and the People's...
Persistent link: https://www.econbiz.de/10012835377
This paper investigates the effects of macroprudential policies on bank risk through a large panel of banks operating in 61 advanced and emerging market economies. There are three main findings. First, there is evidence suggesting that macroprudential tools have a significant impact on bank...
Persistent link: https://www.econbiz.de/10012953769
unprecedented financial accident, the Trump administration wants to reverse the bank regulation rules that were put in place …
Persistent link: https://www.econbiz.de/10012889734