On the effectiveness of macroprudential policy

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

No 2559, Working Paper Series from European Central Bank

Abstract: Since the global financial crises, many countries have implemented macroprudential policies with the aim to render the financial system more resilient to shocks and limit the procyclicality of the financial system. We present theoretical and empirical evidence on the effectiveness of macroprudential policy, on both, financial stability and economic growth focussing on capital measures and borrower-based measures. JEL Classification: G21

Keywords: bank capital; borrowers; financial stability; macroprudential policy (search for similar items in EconPapers)
Date: 2021-05
New Economics Papers: this item is included in nep-ban, nep-cba, nep-fdg and nep-mon
Note: 2445760
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2559~15125406fd.en.pdf (application/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:ecb:ecbwps:20212559

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().