Effective Macroprudential Policy : Cross-Sector Substitution from Price and Quantity Measures /

Macroprudential policy is increasingly being implemented worldwide. Its effectiveness in influencing bank credit and its substitution effects beyond banking have been a key subject of discussion. Our empirical analysis confirms the expected effects of macroprudential policies on bank credit, both fo...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cizel, Janko
Weitere Verfasser: Frost, Jon, Houben, Aerdt, Wierts, Peter
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2016.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2016/094
Online Zugang:Full text available on IMF