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Macroprudential Policy - A Literature Review

Galati, Gabriele - 2011

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

Macroprudential Policy - A Literature Review

Galati, Gabriele - 2014

Persistent link: https://www.econbiz.de/10013067924

Aim, focus, shoot : the choice of appropriate and effective macroprudential instruments

Azzone, Michele; Pirovano, Mara - 2024

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

Macroprudential policy : a blessing or a curse?

Popoyan, Lilit - 2016

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

Currency-based measures targeting banks : balancing national regulation of risk and financial openness

De Crescenzio, Annamaria; Golin, Marta; Ott, Anne-Christelle - 2015

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

Effectiveness of micro- and macroprudential measures in 2014-2022 in Russia : endogenous treatment effects estimation

Lymar, Maria S.; Penikas, Henry I. - In: Russian journal of economics 11 (2025) 2, pp. 168-196

The objective of the current work is to estimate to what extent support measures of the Bank of Russia and the Government of the Russian Federation promoted financial stability of banks and the financial market overall so to sustain lending economy-wide during the crisis periods of 2014, 2020,...

Persistent link: https://www.econbiz.de/10015443307

Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy

Fabiani, Andrea; Lopéz Piñeros, Martha; Peydró, … - 2023

We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital controls on foreign exchange (FX) debt inflows and an increase of reserve...

Persistent link: https://www.econbiz.de/10014354226

Macroprudential policy during Covid-19 : the role of policy space

Bergant, Katharina; Forbes, Kristin - 2021

This paper uses the initial phase of the COVID-19 pandemic to examine how macroprudential frameworks developed over the past decade performed during a period of heightened financial and economic stress. It discusses a new measure of the macroprudential stance that better captures the intensity...

Persistent link: https://www.econbiz.de/10012818277

The Fiscal Footprint of Macroprudential Policy

Reis, Ricardo - 2020

Monetary policy leaves a fiscal footprint. In some circumstances, relieving the fiscal burden becomes the main goal of policy, and inflation control is subordinate. This article notes that the same is true of macroprudential policy, and it characterizes the size and sign of its fiscal footprint,...

Persistent link: https://www.econbiz.de/10012831248

Conditions for Effective Macroprudential Policy Interventions

Khan, Fahad - 2020

This paper aims at identifying effective macroprudential policy (MPP) interventions and analysing the macroeconomic conditions that promote them. We define effective MPP interventions as those that stabilize its underlying target variable, such as credit growth, house price growth, etc. For our...

Persistent link: https://www.econbiz.de/10012835230