Effectiveness of macroprudential policies panel data evidence on the role of institutions, financial structure, and banking regulations
The effectiveness of macro-prudential policies to mitigate credit cycles and reduce capital flow volatility is at the center of policy debates. In this chapter, we investigate the factors which influence the performance of macro-prudential tools by focusing on institutions, financial structure, and...
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Veröffentlicht in: | Economic growth and financial development |
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Format: | UnknownFormat |
Sprache: | eng |
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2021
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Zusammenfassung: | The effectiveness of macro-prudential policies to mitigate credit cycles and reduce capital flow volatility is at the center of policy debates. In this chapter, we investigate the factors which influence the performance of macro-prudential tools by focusing on institutions, financial structure, and banking sector regulations. We find strong evidence indicating that macro-prudential measures are more effective when they are complemented with a tighter regulatory framework. |
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ISBN: | 9783030790028 9783030790059 |