Search Results - subject:"macroprudential policies"

Macroprudential Policy and Labor Market Dynamics in Latin America

Finkelstein Shapiro, Alan; González Gomez, Andrés - 2015

This paper builds a small open economy business cycle model with labor and financial market frictions that incorporates frictional, endogenous self-employment entry and a link between formal credit markets, informal credit, and the labor market. The paper then shows that the model is consistent...

Persistent link: https://www.econbiz.de/10011314204

Macroprudential Policy and Labor Market Dynamics in Latin America

Finkelstein-Shapiro, Alan; Gómez, Andrés González - Inter-American Development Bank - 2015

Persistent link: https://www.econbiz.de/10011240360

How Did Markets React to Stress Tests?

Candelon, Bertrand; Sy, Amadou N. R. - International Monetary Fund (IMF) - 2015

We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banksâ€™ returns. While the 2009 U.S. stress test had a large positive outcome, the impact of subsequent U.S....

Persistent link: https://www.econbiz.de/10011242203

Macroprudential Policy and Labor Market Dynamics in Emerging Economies

Shapiro, Alan Finkelstein; Gonzalez, Andres - International Monetary Fund (IMF) - 2015

Emerging economies have high shares of self-employed individuals running owner-only firms who, in contrast to many salaried firms, have little access to formal financing and therefore rely on informal financing (input credit) from other firms. We build a small open economy real business cycle...

Persistent link: https://www.econbiz.de/10011242278

The Use and Effectiveness of Macroprudential Policies: New Evidence

Cerutti, Eugenio; Claessens, Stijn; Laeven, Luc - International Monetary Fund (IMF) - 2015

Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 … countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently … economies, however, and usage comes with greater cross-border borrowing, suggesting some avoidance. And while macroprudential …

Persistent link: https://www.econbiz.de/10011242370

Islamic Finance: Opportunities, Challenges, and Policy Options

Kammer, Alfred; Norat, Mohamed; Pinon, Marco; Prasad, … - International Monetary Fund (IMF) - 2015

The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential...

Persistent link: https://www.econbiz.de/10011245880