Search Results - subject:"macro prudential"

Macro-prudential policies, moral hazard and financial fragility

Arango, Carlos A.; Valencia, Oscar M. - 2015

financially sound and the degree of bank leverage. We study the properties of this model under different monetary and macro-prudential …

Persistent link: https://www.econbiz.de/10011381195

Taming macroeconomic instability: Monetary and macro prudential policy interactions in an agent-based model

Popoyan, Lilit; Napoletano, Mauro; Roventini, Andrea - 2015

We develop an agent-based model to study the macroeconomic impact of alternative macro prudential regulations and their … macro prudential regulation. …

Persistent link: https://www.econbiz.de/10011564741

A CENTRAL BANK’S DILEMMAS IN HIGHLY UNCERTAIN TIMES - A ROMANIAN VIEW

DAIANU, Daniel - In: Journal for Economic Forecasting (2015) 1, pp. 159-180

This paper looks at policy dilemmas the National Bank of Romania has faced over the years, with the analysis framed in a European and historical context. Some of these dilemmas are of an older vintage, such as how to deal with massive capital flows, how to combat high inflation when resource...

Persistent link: https://www.econbiz.de/10011265550

What Matters Most in the Design of Stress Tests? Evidence from U.S. and the Europe

Candelon, Bertrand; Sy, Amadou N. R. - Institut de Préparation à l'Administration et à la … - 2015

In the aftermath of the global financial crisis, supervisors in Europe and the U.S. have undertaken a series of bank stress tests to restore market confidence. In this paper we use event study methods to compare the market impact of all U.S. and EU-wide stress tests performed from 2009 to 2013....

Persistent link: https://www.econbiz.de/10011122202

International Reserves Before and After the Global Crisis: Is There No End to Hoarding?

Aizenman, Joshua; Cheung, Yin-Wong; Ito, Hiro - CESifo - 2015

direct investment and IR in the pre- and post-crisis period. The macro-prudential policy tends to complement IR accumulation …

Persistent link: https://www.econbiz.de/10011198483

Too interconnected to fail: A survey of the interbank networks literature

Hüser, Anne-Caroline - Research Center SAFE (Sustainable Architecture for … - 2015

. The survey concludes with a discussion of the policy relevance of interbank network models with a special focus on macro-prudential …

Persistent link: https://www.econbiz.de/10011203160

Measuring financial stress – A country specific stress index for Finland

Huotari, Jarkko - Suomen Pankki - 2015

counter-cyclical capital buffer. Hence, the index can also be used to support the macro-prudential policy decision making in …

Persistent link: https://www.econbiz.de/10011210509

On a tight leash: does bank organisational structure matter for macroprudential spillovers?

Danisewicz, Piotr; Reinhardt, Dennis; Sowerbutts, Rhiannon - Bank of England - 2015

This paper examines whether cross-border spillovers of macroprudential regulation depend on the organisational structure of banks’ foreign affiliates. Our analysis compares the response of foreign banks’ branches versus subsidiaries in the United Kingdom to changes in macroprudential...

Persistent link: https://www.econbiz.de/10011185656

Early warning indicators for banking crises: a conditional moments approach

Ferrari, Stijn; Pirovano, Mara - Volkswirtschaftliche Fakultät, … - 2015

This paper presents a novel methodology to calculate thresholds in an early warning signalling framework for extracting signals useful to predict the occurrence of banking crises. The conditional moments based methodology does not rely on assumptions on an objective function trading off Type I...

Persistent link: https://www.econbiz.de/10011188479

Policy mandates for macro-prudential and monetary policies in a new Keynesian framework

Levine, Paul; Lima, Diana - 2015

In the aftermath of the financial crisis, the role of monetary policy and macro-prudential regulation in promoting … price bubbles was revived, whereas macro-prudential regulation is being assessed as an alternative macroeconomic tool to … type perform better than conventional monetary rules. Second, by introducing macro-prudential regulation in the model …

Persistent link: https://www.econbiz.de/10011605829