Financial markets are channels for attracting surplus financial resources and allocating them to investment. Macro-prudential … Generalized method of moments (GMM) for the time series data, suggested that the macro-prudential policy index has a negative and …

Macro-prudential authorities need to assess medium-term downside risks to the real economy, caused by severe financial … stress and the financial cycle. An empirical study with euro area and U.S. data shows how to construct indicators of macro-prudential …

Macro-prudential authorities need to assess medium-term downside risks to the real economy, caused by severe financial … stress and the financial cycle. An empirical study with euro area and U.S. data shows how to construct indicators of macro-prudential …