Claessens, Stijn; Ghosh, Swati R.; Mihet, Roxana - In: Journal of International Money and Finance 39 (2013) C, pp. 153-185
Macro-prudential policies aimed at mitigating systemic financial risks have become part of the policy toolkit in many emerging markets and some advanced countries. Their effectiveness and efficacy are not well-known, however. Using panel data regressions, we analyze how changes in balance sheets...
