Format:
Online-Ressource (42 S.)
,
graph. Darst.
ISBN:
9781498321051
,
1498316379
,
9781498316378
Series Statement:
IMF working paper 15/61
Content:
Using a recent IMF survey and expanding on previous studies, we document the use of macroprudential policies for 119 countries over the 2000-13 period, covering many instruments. Emerging economies use macroprudential policies most frequently, especially foreign exchange related ones, while advanced countries use borrower-based policies more. Usage is generally associated with lower growth in credit, notably in household credit. Effects are less in financially more developed and open economies, however, and usage comes with greater cross-border borrowing, suggesting some avoidance. And while macroprudential policies can help manage financial cycles, they work less well in busts
Note:
Systemvoraussetzungen: Acrobat Reader.
Additional Edition:
Erscheint auch als Druck-Ausgabe Cerutti, Eugenio The Use and Effectiveness of Macroprudential Policies: New Evidence Washington, D.C. : International Monetary Fund, 2015 ISBN 9781498321051
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781498321051.001
Author information:
Cerutti, Eugenio M. 1975-
Author information:
Claessens, Stijn 1959-
Author information:
Laeven, Luc
