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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

Macroprudential Policy and Bank Risk

Altunbas, Yener - 2017

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

The Impact of Macroprudential Policies and Their Interaction with Monetary Policy : An Empirical Analysis Using Credit Registry Data

Gambacorta, Leonardo - 2017

This paper summarises the results of a joint research project by eight central banks in the Americas region to evaluate the effectiveness of macroprudential tools and their interaction with monetary policy. In particular, using meta-analysis techniques, we summarise the results for five Latin...

Persistent link: https://www.econbiz.de/10012956519

Evaluating the Impact of Macroprudential Policies on Credit Growth in Colombia

Gómez, Esteban - 2017

Macroprudential tools have been used around the world to counter potential risks and imbalances in the financial sector. Colombia is a good example of a country that has employed a variety of regulatory measures to manage systemic risks in the economy. The purpose of this paper is to evaluate...

Persistent link: https://www.econbiz.de/10012956584

Macroprudential Policy

Settlements, Bank for International - 2016

Persistent link: https://www.econbiz.de/10012982422

The Macroeconomic Effects of Macroprudential Policy

Richter, Björn - 2018

Central banks increasingly rely on macroprudential measures to manage the financial cycle. However, the effects of such policies on the core objectives of monetary policy to stabilise output and inflation are largely unknown. In this paper we quantify the effects of changes in maximum...

Persistent link: https://www.econbiz.de/10012911910