The Use and Effectiveness of Macroprudential Policies : New Evidence /

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...

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Xehetasun bibliografikoak
Egile nagusia: Cerutti, Eugenio
Beste egile batzuk: Claessens, Stijn, Laeven, Luc
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/061
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Cerutti, Eugenio. 
245 1 4 |a The Use and Effectiveness of Macroprudential Policies :   |b New Evidence /  |c Eugenio Cerutti, Stijn Claessens, Luc Laeven. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (43 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 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. 
538 |a Mode of access: Internet 
700 1 |a Claessens, Stijn. 
700 1 |a Laeven, Luc. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/061 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/061/001.2015.issue-061-en.xml  |z IMF e-Library