dataset on economic crises after the Second World War. Results show that, in terms of the real economy, developing countries …

The sharp, secular decline in the world real interest rate of the past thirty years suggests that the surge in global … made the world economy more vulnerable to financial crises. These findings are the quantitative predictions of a two …

operations, we construct a "liquidity mismatch indicator (LMI)" for the aggregate banking sector that highlights the central bank … influence on the bank liquidity condition. Our results show that central bank liquidity and haircut policies have indeed helped … episode. Moreover, our bank liquidity measure can be useful as an early warning indicator for the macro-prudential purposes …

This study investigates the influence of macroprudential policies (MaPs) on corporate investment, employing firm-bank … level microdata from the European Investment Bank Investment Survey (EIBIS) for the period 2015-2022. We initially document … into the transmission mechanism of MaPs. Our analysis suggests that MaPs affect corporate investment through bank lending …

effective to increase bank resilience to sectoral risks, limiting spillover effects. LTI limits are superior to LTV limits in …