Ayyagari, Meghana; Beck, Thorsten; Martínez Pería, … - 2018
growth in conjunction with the adoption of macroprudential policies, suggesting that these policies can enhance financial … stability. Finally, our results show that macroprudential policies have real effects, as they are associated with lower …Combining balance sheet data on 900,000 firms from 48 countries with information on the adoption of macroprudential …