On the effectiveness of macroprudential policy

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.

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Year of publication:	2021
Authors:	Ampudia, Miguel ; Lo Duca, Marco ; Farkas, Mátyás Gábor ; Pérez-Quirós, Gabriel ; Pirovano, Mara ; Rünstler, Gerhard ; Tereanu, Eugen
Publisher:	Frankfurt a. M. : European Central Bank (ECB)
Subject:	Macroprudential policy \| financial stability \| bank capital \| borrowers

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Series:	ECB Working Paper ; 2559
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-92-899-4559-2
Other identifiers:	10.2866/869839 [DOI] 1759427543 [GVK] hdl:10419/237698 [Handle]
Classification:	G21 - Banks; Other Depository Institutions; Mortgages
Source:	EconStor

Persistent link: https://www.econbiz.de/10012605255