Belkhir, Mohamed; Ben Naceur, Samy; Candelon, Bertrand; … - 2020
stabilizing effect, they also have an indirect destabilizing effect, which works through the depressing of economic growth. A … Generalized Impulse Response Function analysis of a dynamic system composed of the probability of a banking crisis and economic … growth reveals, however, that macroprudential policies have a positive net effect on financial stability (lower likelihood of …