Avoiding a financial epidemic – The role of macroprudential policies

Miguel Ampudia, Marco Lo Duca, Mátyás Farkas, Gabriel Perez-Quiros, Mara Pirovano, Gerhard Rünstler () and Eugen Tereanu
Authors registered in the RePEc Author Service: Gabriel Perez Quiros

Research Bulletin, 2021, vol. 87.3

Abstract: Many countries have implemented macroprudential policies. The aims are twofold: first, to render the financial system more resilient to shocks and, second, to prevent booms and busts in the financial system in response to economic cycles. This article provides theoretical and empirical evidence which shows the positive impact that these measures have on financial stability, as well as the gains in economic growth derived from a stronger financial system. JEL Classification: G21

Keywords: bank capital; borrowers; financial stability; Macroprudential policy (search for similar items in EconPapers)
Date: 2021-09
Note: 2445760
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