Using an international sample covering more than 50 countries over 20 years, we assess the impact of national culture on macroprudential policy actions. The empirical findings indicate that macroprudential policies are tighter in more uncertainty-avoiding and long-term-oriented countries,...

This study focuses on the risk-taking channel of monetary policy and its interaction with a supervisory-independence channel for commercial banks from Central and Eastern Europe, during the 2005-2011 period. Our results support the existence of an inverse relationship between expansionary...