Macro Prudential Policies to Mitigate Financial System Vulnerabilities is popular PDF and ePub book, written by Mr.Stijn Claessens in 2014-08-19, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macro Prudential Policies to Mitigate Financial System Vulnerabilities can be Read Online from any device for your convenience.
Macro Prudential Policies to Mitigate Financial System Vulnerabilities Book PDF Summary
Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets of some 2,800 banks in 48 countries over 2000–2010 respond to specific macro-prudential policies. Controlling for endogeneity, we find that measures aimed at borrowers––caps on debt-to-income and loan-to-value ratios––and at financial institutions––limits on credit growth and foreign currency lending––are effective in reducing asset growth. Countercyclical buffers are little effective through the cycle, and some measures are even counterproductive during downswings, serving to aggravate declines, consistent with the ex-ante nature of macro-prudential tools.
Detail Book of Macro Prudential Policies to Mitigate Financial System Vulnerabilities PDF
- Author : Mr.Stijn Claessens
- Release : 19 August 2014
- Publisher : International Monetary Fund
- ISBN : 9781498319546
- Genre : Business & Economics
- Total Page : 36 pages
- Language : English
- PDF File Size : 7,6 Mb
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