I use credit/GDP ratio to construct stylized credit cycles at global and regional levels over 1980-2010. Their average duration is between 12 and 15 years and for all the regions there is “a ceiling” and “a floor” curbing the amplitude of credit cycles. They are also largely...

The study empirically assesses how macroprudential policy interacts with systemic risk, industrial production, and monetary intervention on a global level from January 2006 to December 2018. We adopt the aggregate proxies of these variables, capturing their global effects, and use a novel...

The paper empirically assesses how macroprudential policy interacts with systemic risk, industrial production and monetary intervention on the worldwide level during January 2006-December 2016. We adopt the aggregate proxies of these variables, capturing their global effects, and use a novel...