The Micro Impact of Macroprudential Policies Firm Level Evidence is popular PDF and ePub book, written by Meghana Ayyagari in 2018-12-07, 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, The Micro Impact of Macroprudential Policies Firm Level Evidence can be Read Online from any device for your convenience.
The Micro Impact of Macroprudential Policies Firm Level Evidence Book PDF Summary
Combining balance sheet data on 900,000 firms from 48 countries with information on the adoption of macroprudential policies during 2003-2011, we find that these policies are associated with lower credit growth. These effects are especially significant for micro, small and medium enterprises (MSMEs) and young firms that, according to the literature, are more financially constrained and bank dependent. Among MSMEs and young firms, those with weaker balance sheets exhibit lower credit growth in conjunction with the adoption of macroprudential policies, suggesting that these policies can enhance financial stability. Finally, our results show that macroprudential policies have real effects, as they are associated with lower investment and sales growth.
Detail Book of The Micro Impact of Macroprudential Policies Firm Level Evidence PDF
- Author : Meghana Ayyagari
- Release : 07 December 2018
- Publisher : International Monetary Fund
- ISBN : 9781484385654
- Genre : Business & Economics
- Total Page : 65 pages
- Language : English
- PDF File Size : 19,8 Mb
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