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...

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Détails bibliographiques
Auteur principal: Nier, Erlend
Autres auteurs: Olafsson, Thorvardur Tjoervi, Rollinson, Yuan Gao
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2020.
Collection:IMF Working Papers; Working Paper ; No. 2020/187
Accès en ligne:Full text available on IMF