Effectiveness of macroprudential policies : panel data evidence on the role of institutions, financial structure, and banking regulations

Mehmet Fatih Ekinci and Gülserim Özcan

The effectiveness of macro-prudential policies to mitigate credit cycles and reduce capital flow volatility is at the center of policy debates. In this chapter, we investigate the factors which influence the performance of macro-prudential tools by focusing on institutions, financial structure, and banking sector regulations. We find strong evidence indicating that macro-prudential measures are more effective when they are complemented with a tighter regulatory framework.

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Year of publication:	2021
Authors:	Ekinci, Mehmet Fatih ; Özcan, Gülserim
Published in:	Economic growth and financial development : effects of capital flight in emerging economies. - Cham : Springer, ISBN 978-3-030-79002-8. - 2021, p. 103-114
Subject:	Capital flows \| Credit growth \| Institutions \| Macroprudential policies \| Regulations \| Finanzmarktaufsicht \| Financial supervision \| Welt \| World \| Bankenaufsicht \| Banking supervision \| Kreditgeschäft \| Bank lending \| Bankenregulierung \| Bank regulation \| Kapitalmobilität \| Capital mobility \| Finanzmarktregulierung \| Financial market regulation \| Institutionelle Infrastruktur \| Institutional infrastructure \| Regulierung \| Regulation \| Panel \| Panel study \| Kredit \| Credit \| Wirkungsanalyse \| Impact assessment \| Kapitalstruktur \| Capital structure