Read Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

Unknown Author

4.9/5 (11862 ratings)

Description: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.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Macro-Prudential Policies to Mitigate Financial System Vulnerabilities. To get started finding Macro-Prudential Policies to Mitigate Financial System Vulnerabilities, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 37

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 2014

ISBN: 1322141339

Description: 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.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Macro-Prudential Policies to Mitigate Financial System Vulnerabilities. To get started finding Macro-Prudential Policies to Mitigate Financial System Vulnerabilities, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

Macro-Prudential Policies to Mitigate Financial System Vulnerabilities

More Books