Exchange Rates and Domestic Credit-Can Macroprudential Policy Reduce the Link? /

This paper examines empirically the role of macroprudential policy in addressing the effects of external shocks on financial stability. In a sample of 62 economies over the period of 2000: Q1-2016: Q4, our dynamic panel regressions show that an appreciation of the local exchange rate is associated w...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Nier, Erlend
Weitere Verfasser: Olafsson, Thorvardur Tjoervi, Rollinson, Yuan Gao
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2020.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2020/187
Online Zugang:Full text available on IMF