This paper investigates the complementarity between the different macroprudential policies to contain bank systemic … vary depending on the set of tools implemented, as well as bank’ size, TBTF, leverage, liquidity and concentration. Our …

investment loans. We find that a negative credit shock to one country induces a sharp contraction in that country's economy …. This paper investigates the extent to which a credit shock in one country is transmitted to its trade partners. To this end …. The degree of credit-shock transmission depends on the home bias in international trade and the type of goods countries …

cycle co-movement across countries when combined with habit formation in consumption and investment adjustment costs …

an active bank capital channel to assess issues regarding the transmission of domestic and foreign shocks. The … theoretical framework includes the financial accelerator mechanism developed by Bernanke, Gertler and Gilchrist (1999), the bank … important quantitative role in explaining domestic aggregates like output, consumption, inflation and total bank's lending. In …