Using a sample of pairwise bank lending from source countries to recipient countries, we find mixed evidence on how macroprudential policies implemented by different counterparties affect the incidence of extreme episodes (i.e. surges or sudden stops) in international bank flows. Tighter...

Slow global economic growth, frequent fluctuations in international financial markets, and increasing wealth disparity have become common concerns facing the globe. Risk prevention and stable economic growth have become the basic requirements for high-quality economic development, and...

We empirically examine the correlation between extreme episodes of sectoral capital inflows, using a sample of 50 advanced and emerging economies from 2000Q1 to 2021Q4. We document that a sudden stop in one financial sector is often accompanied by a surge in another sector, especially in...

The shape and magnitude of risk preference of China households have rarely been explored due to lack of detailed data on China households’ investment behavior. Using panel data from China Household Finance Survey (CHFS) 2011 and 2013, we intent to investigate the hypothesis of harmonic...