Dampening Global Financial Shocks : Can Macroprudential Regulation Help (More than Capital Controls)? /
We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set of macroprudential tools contribute...
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| Outros Autores: | , , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2020/106 |
| Acesso em linha: | Full text available on IMF |