|
|
|
|
| LEADER |
03031nmm a2200589 u 4500 |
| 001 |
EB001825685 |
| 003 |
EBX01000000000000000992131 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
180614 ||| eng |
| 020 |
|
|
|a 9781484310991
|
| 100 |
1 |
|
|a Kang, Heedon
|
| 245 |
0 |
0 |
|a Macroprudential Policy Spillovers
|b A Quantitative Analysis
|c Heedon Kang, Francis Vitek, Rina Bhattacharya, Phakawa Jeasakul, Sònia Muñoz, Naixi Wang, Rasool Zandvakil
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2017
|
| 300 |
|
|
|a 45 pages
|
| 651 |
|
4 |
|a Sweden
|
| 653 |
|
|
|a International finance
|
| 653 |
|
|
|a Economic policy
|
| 653 |
|
|
|a Depository Institutions
|
| 653 |
|
|
|a Externalities
|
| 653 |
|
|
|a Cross-border banking
|
| 653 |
|
|
|a Credit
|
| 653 |
|
|
|a Banks
|
| 653 |
|
|
|a Monetary economics
|
| 653 |
|
|
|a Financial sector policy and analysis
|
| 653 |
|
|
|a Financial services
|
| 653 |
|
|
|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
|
| 653 |
|
|
|a Micro Finance Institutions
|
| 653 |
|
|
|a Financial Institutions and Services: Government Policy and Regulation
|
| 653 |
|
|
|a Mortgages
|
| 653 |
|
|
|a International Lending and Debt Problems
|
| 653 |
|
|
|a Spillovers
|
| 653 |
|
|
|a Money
|
| 653 |
|
|
|a International Policy Coordination and Transmission
|
| 653 |
|
|
|a Banks and Banking
|
| 653 |
|
|
|a Financial Markets and the Macroeconomy
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Bank credit
|
| 653 |
|
|
|a Banking
|
| 653 |
|
|
|a Macroprudential policy
|
| 653 |
|
|
|a Money and Monetary Policy
|
| 653 |
|
|
|a Macroprudential policy instruments
|
| 700 |
1 |
|
|a Bhattacharya, Rina
|
| 700 |
1 |
|
|a Jeasakul, Phakawa
|
| 700 |
1 |
|
|a Muñoz, Sònia
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Working Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781484310991.001
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2017/170/001.2017.issue-170-en.xml?cid=45062-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This paper analyzes cross-border macrofinancial spillovers from a variety of macroprudential policy measures, using a range of quantitative methods. Event study and panel regression analyses find that liquidity and sectoral macroprudential policy measures often affect cross-border bank credit, whereas capital measures do not. This empirical evidence is stronger for tightening than for loosening measures, is distributed across credit leakage and reallocation effects, and is generally regionally concentrated. Consistently, structural model based simulation analysis indicates that output and bank credit spillovers from sectoral macroprudential policy shocks are generally small worldwide, but are regionally concentrated and economically significant for countries connected by strong trade or financial linkages. This simulation analysis also indicates that countercyclical capital buffer adjustments have the potential to generate sizeable regional spillovers
|