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...

ver descrição completa

Detalhes bibliográficos
Autor principal: Nier, Erlend
Outros Autores: Olafsson, Thorvardur Tjoervi, Rollinson, Yuan Gao
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2020.
Colecção:IMF Working Papers; Working Paper ; No. 2020/187
Acesso em linha:Full text available on IMF