Showing 1 - 10 of 4,720
The recent financial crisis has highlighted the need to go beyond a purely micro approach to financial regulation and … financial regulation has grown considerably. The policy debate is focusing in particular on macroprudential tools and their …
Persistent link: https://www.econbiz.de/10013119117
Together with a handful of countries at the global level, a number of economies in the Andean region stand out by their innovative and rapid advances in the design and implementation of macroprudential financial regulations, that is, regulations that take into account financial risks generated...
Persistent link: https://www.econbiz.de/10013084863
The recent financial crisis has highlighted the need to go beyond a purely micro approach to financial regulation and … financial regulation has grown considerably. The policy debate is focusing in particular on macroprudential tools and their …
Persistent link: https://www.econbiz.de/10013067924
We examine the issue of the appropriate selection of macroprudential instruments according to the vulnerabilities identified and the policymakers' objectives using a version of the 3D DSGE model following Mendicino et al. (2020) and Hinterschweiger et al. (2021) calibrated for the euro area. We...
Persistent link: https://www.econbiz.de/10015176875
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
This paper presents and analyses new datasets of de jure Currency-Based Measures (CBMs) directed at banks in a sample of 49 countries between 2005 and 2013. These measures are bank regulations that apply a discrimination−e.g. a less favourable treatment−on the basis of the currency of an...
Persistent link: https://www.econbiz.de/10011582185
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 introduces a new comprehensive database of macroprudential policies, which combines information from various sources and covers 134 countries from January 1990 to December 2016. Using these data, we first confirm that loan-targeted instruments have a significant impact on household...
Persistent link: https://www.econbiz.de/10012888757
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
In recent years, and especially in the aftermath of the global financial crisis, a number of emerging-market economies have been reforming their regulatory frameworks to adopt recommendations of the macroprudential approach. This paper discusses the potential usefulness of implementing this...
Persistent link: https://www.econbiz.de/10013084856