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...

Полное описание

Библиографические подробности
Главный автор: Cizel, Janko
Другие авторы: Frost, Jon, Houben, Aerdt, Wierts, Peter
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2016.
Серии:IMF Working Papers; Working Paper ; No. 2016/094
Online-ссылка:Full text available on IMF