Review of Bank of Russia – NES Workshop 'Identification and Measurement of Macroprudential Policies Effects'

Henry Penikas

Russian Journal of Money and Finance, 2021, vol. 80, issue 3, 94-104

Abstract: In the first week of June 2021, the Bank of Russia and the New Economic School hosted a joint international online workshop titled 'Identification and Measurement of Macroprudential Policies Effects'. Participants' presentations suggest that macroprudential policy measures against high-risk lending produce their intended effects, but also, as a rule, bring about side effects. These effects may include a reduction in low-risk loan disbursements, if such measures are disincentivising in nature (as in Russia), or, vice versa, significant growth in the portfolio of low-risk loans, if the macroprudential tools are of a restrictive nature (as in Switzerland and Ireland).

Keywords: macroprudential policy; risk weights; capital adequacy ratio; transmission mechanism; LTV; LTI; difference in differences (search for similar items in EconPapers)
JEL-codes: E44 G28 O10 O16 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://rjmf.econs.online/upload/iblock/902/Review ... Policies_Effects.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bkr:journl:v:80:y:2021:i:3:p:94-104

DOI: 10.31477/rjmf.202103.94

Access Statistics for this article

Russian Journal of Money and Finance is currently edited by Ksenia Yudaeva

More articles in Russian Journal of Money and Finance from Bank of Russia Contact information at EDIRC.
Bibliographic data for series maintained by Olga Kuvshinova ().