Zhang, Yuanyan; Tressel, Thierry - In: Journal of Financial Regulation and Compliance 25 (2017) 3, pp. 271-306
Purpose The design of a macro-prudential framework and its interaction with monetary policy has been at the forefront of the policy agenda since the global financial crisis. However, most advanced economies (AEs) have little experience using macroprudential policies. As a result, relatively...