Capital Flows, Financial Intermediation and Macroprudential Policies /

This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical mac...

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Bibliografske podrobnosti
Glavni avtor: Ghilardi, Matteo
Drugi avtorji: Peiris, Shanaka
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2014.
Serija:IMF Working Papers; Working Paper ; No. 2014/157
Online dostop:Full text available on IMF
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100 1 |a Ghilardi, Matteo. 
245 1 0 |a Capital Flows, Financial Intermediation and Macroprudential Policies /  |c Matteo Ghilardi, Shanaka Peiris. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper develops an open-economy DSGE model with an optimizing banking sector to assess the role of capital flows, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures can usefully complement monetary policy. Countercyclical macroprudential polices can help reduce macroeconomic volatility and enhance welfare. The results also demonstrate the importance of capital flows and financial stability for business cycle fluctuations as well as the role of supply side financial accelerator effects in the amplification and propagation of shocks. 
538 |a Mode of access: Internet 
700 1 |a Peiris, Shanaka. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2014/157 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2014/157/001.2014.issue-157-en.xml  |z IMF e-Library