Unemployment insurance (UI) policies are implemented by many countries to lower individual income risk and to automatically stabilize macroeconomic fluctuations. To the extent that these policies are successful, however, they should be reducing precautionary savings and hence bank deposits –...

Many countries provide unemployment insurance (UI) to reduce individuals' income risk and to moderate fluctuations in the economy. However, to the extent that these policies are successful, they would be expected to reduce precautionary savings and hence bank deposits--households' main saving...

We use questionnaire responses as well as new data sets to assess the deployment and effectiveness of macroprudential instruments for a sample of emerging market economies. First, we highlight the challenges that authorities face in the measurement of financial stability and systemic risk, the...