literature however suggests an opposite effect related to regulation, with tighter regulations encouraging foreign lending …

played a crucial role in transmitting shocks originating in funding markets. Although post-crisis regulation has improved …

We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …

Macrofinancial Model (GFM). This dynamic stochastic generalequilibrium model of the world economy, disaggregated into forty national …

growth in cross-border positions in relation to world GDP has come to a halt. This reflects much weaker capital flows to and …

investigate the transmission of a global financial crisis that originates from financial frictions in the rest of the world. We …