The transmission mechanisms of macroprudential policies on bank risk
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DOI: 10.1016/j.econmod.2020.02.005
Abstract: Abstract In this article, we study the transmission mechanisms of the effect of a set of 12 macroprudential policies on the risk-taking of banks using a large number of countries and a novel identification approach.… read more here.
Keywords: mechanisms macroprudential; risk; transmission mechanisms; macroprudential policies ... See more keywords
Macroprudential policies, capital flows, and the structure of the banking sector
Sign Up to like & getrecommendations! Published in 2017 at "Journal of International Money and Finance"
DOI: 10.1016/j.jimonfin.2017.04.004
Abstract: Using a large sample of advanced and emerging market economies over the period 1999–2012, we examine the effectiveness of macroprudential policies (MPPs) in managing cross-border bank flows. Conditioning on the structure of the banking sector… read more here.
Keywords: macroprudential policies; sector; structure banking; banking sector ... See more keywords
Lithuania in the Euro Area: Monetary Transmission and Macroprudential Policies
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DOI: 10.1080/00128775.2016.1255558
Abstract: This article develops a two-country monetary union new Keynesian general equilibrium model with housing and collateral constraints calibrated for Lithuania and the rest of the euro area. Within this setting, and following the recent entry… read more here.
Keywords: area; euro area; monetary transmission; macroprudential policies ... See more keywords
Sudden surges and macroprudential policies
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DOI: 10.1080/13504851.2020.1730750
Abstract: ABSTRACT This paper estimates the unconditional probability of a sudden surge in private credit and investigates the extent to which macroprudential policies impact the duration of the period preceding such a surge. While we observe… read more here.
Keywords: credit; sudden surges; surges macroprudential; macroprudential policies ... See more keywords
Monetary and macroprudential policies in the presence of external shocks: evidence from an emerging economy
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DOI: 10.1108/jes-11-2020-0577
Abstract: PurposeThis paper examines the impact of using the reserve requirements, combined with foreign exchange (FX) intervention, as key instruments in an inflation-targeting framework.Design/methodology/approachIn the context of a dynamic stochastic general equilibrium (DSGE) framework and using… read more here.
Keywords: economy; external shocks; monetary macroprudential; policies presence ... See more keywords
Effectiveness and channels of macroprudential policies: lessons from the Euro area
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DOI: 10.1108/jfrc-10-2016-0094
Abstract: Purpose - The design of a macro-prudential framework and its interaction with monetary policy has been at the forefront of the policy agenda since the global financial crisis. However, most advanced economies (AEs) have little… read more here.
Keywords: methodology; policy; monetary policy; euro area ... See more keywords
Effects of Monetary and Macroprudential Policies—Evidence from Four Inflation Targeting Economies
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DOI: 10.1111/jmcb.12495
Abstract: We examine the effects of monetary and macroprudential policies in the Asia‐Pacific region, where many inflation targeting economies have adopted macroprudential policies in order to safeguard financial stability. Using structural panel vector autoregressions that identify… read more here.
Keywords: inflation targeting; macroprudential policies; monetary macroprudential; targeting economies ... See more keywords
The Interaction of Monetary and Macroprudential Policies
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DOI: 10.1111/jmcb.12524
Abstract: I analyze a New Keynesian dynamic stochastic general equilibrium (DSGE) model where the financing of productive investment is affected by a moral hazard problem. I solve for jointly Ramsey‐optimal monetary and macroprudential policies. I find… read more here.
Keywords: monetary macroprudential; policy; interaction monetary; macroprudential policies ... See more keywords
Interactions and Coordination between Monetary and Macroprudential Policies
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DOI: 10.1257/mac.20190139
Abstract: I study monetary and macroprudential policy intervention in a general equilibrium economy with recurrent boom-bust cycles. Recurrence causes forward-looking variables to also react to policy intervention during phases in which the intervention is inactive. Macroprudential… read more here.
Keywords: intervention; policy; coordination monetary; monetary macroprudential ... See more keywords