Friend or Foe? : Cross-Border Linkages, Contagious Banking Crises, and 'Coordinated' Macroprudential Policies /

This paper examines whether the coordinated use of macroprudential policies can help lessen the incidence of banking crises. It is well-known that rapid domestic credit growth and house price growth positively influence the chances of a banking crisis. As well, a crisis in other countries with high...

Full description

Bibliographic Details
Main Author: Choi, Seung
Other Authors: Kodres, Laura, Lu, Jing
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2018.
Series:IMF Working Papers; Working Paper ; No. 2018/009
Online Access:Full text available on IMF
LEADER 01994cas a2200265 a 4500
001 AALejournalIMF018212
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781484338476 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Choi, Seung. 
245 1 0 |a Friend or Foe? :   |b Cross-Border Linkages, Contagious Banking Crises, and 'Coordinated' Macroprudential Policies /  |c Seung Choi, Laura Kodres, Jing Lu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2018. 
300 |a 1 online resource (44 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 examines whether the coordinated use of macroprudential policies can help lessen the incidence of banking crises. It is well-known that rapid domestic credit growth and house price growth positively influence the chances of a banking crisis. As well, a crisis in other countries with high trade and financial linkages raises the crisis probability. However, whether such 'contagion effects' can operate to reduce crisis probabilities when highly linked countries execute macroprudential policies together has not been fully explored. A dataset documenting countries' use of macroprudential tools suggests that a 'coordinated' implementation of macroprudential policies across highly-linked countries can help to stem the risks of widespread banking crises, although this positive effect may take some time to materialize. 
538 |a Mode of access: Internet 
700 1 |a Kodres, Laura. 
700 1 |a Lu, Jing. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2018/009 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2018/009/001.2018.issue-009-en.xml  |z IMF e-Library