Capital Flows, Financial Intermediation and Macroprudential Policies

This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical macroprudential polices can help reduce macroeconomic volatility and enhance welfare. The results also demonstrate the importance of capital flows and financial stability for business cycle fluctuations as well as the role of supply side financial accelerator effects in the amplification and propagation of shocks

MoreLess

Year of publication:	2014
Authors:	Ghilardi, Matteo
Other Persons:	Peiris, Shanaka (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Finanzmarktaufsicht \| Financial supervision \| Geldpolitik \| Monetary policy \| Kapitalmobilität \| Capital mobility \| DSGE-Modell \| DSGE model \| Finanzintermediation \| Financial intermediation \| Offene Volkswirtschaft \| Open economy \| Real-Business-Cycle-Theorie \| Real business cycle model

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10013047612