How do institutional settings condition the effect of macroprudential policies on bank systemic risk?

Nicholas Apergis (), Ahmet Aysan and Yassine Bakkar

Economics Letters, 2021, vol. 209, issue C

Abstract: This paper investigates the impact of different country-traits of the effects of macroprudential policies on systemic risks in OECD countries. The analysis documents that institutional quality, high capital stringency, and moderate supervision support macroprudential policies in mitigating systemic risks, depending on macroprudential instruments in force. Institutional, regulatory and supervisory frameworks differently affect the effectiveness of lender- vis-à-vis borrower-targeted policies.

Keywords: Systemic risks; Macroprudential policy; Institutional settings; Bank regulation (search for similar items in EconPapers)
JEL-codes: E32 E58 F44 G18 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:209:y:2021:i:c:s0165176521004006

DOI: 10.1016/j.econlet.2021.110123

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