Macroprudential Regulation and Sector-Specific Default Risk /

This paper studies the transmission of macroprudential policies across both financial and non financial sectors of the economy. It first documents that tighter macroprudential regulations implemented in Europe over the period 2008-2017 lowered default risk not only in the financial, but also in non-...

詳細記述

書誌詳細
第一著者: Belkhir, Mohamed
その他の著者: Ben Naceur, Sami, Candelon, Bertrand, Wijnandts, Jean-Charles
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2022.
シリーズ:IMF Working Papers; Working Paper ; No. 2022/141
主題:
オンライン・アクセス:Full text available on IMF
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100 1 |a Belkhir, Mohamed. 
245 1 0 |a Macroprudential Regulation and Sector-Specific Default Risk /  |c Mohamed Belkhir, Sami Ben Naceur, Bertrand Candelon, Jean-Charles Wijnandts. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2022. 
300 |a 1 online resource (36 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 studies the transmission of macroprudential policies across both financial and non financial sectors of the economy. It first documents that tighter macroprudential regulations implemented in Europe over the period 2008-2017 lowered default risk not only in the financial, but also in non-financial sectors. Second, the paper analyzes the impact of two reforms in the macroprudential framework. Higher capital requirements improve the long-run resilience of the financial sector but at the cost of raising long-term default risk in non-financial sectors. Strengthening the resolution framework for failing banks has beneficial long-run effects on the default risks of the financial and non-financial sectors. Our results concur with the literature documenting how banks adjust their balance sheet composition and credit supply in reaction to changes in their regulatory environment. 
538 |a Mode of access: Internet 
650 7 |a Financial Crises  |2 imf 
650 7 |a Financial Institutions and Services  |2 imf 
650 7 |a Macroprudential Regulation  |2 imf 
650 7 |a Multiple or Simultaneous Equation Models  |2 imf 
700 1 |a Ben Naceur, Sami. 
700 1 |a Candelon, Bertrand. 
700 1 |a Wijnandts, Jean-Charles. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2022/141 
856 4 0 |z Full text available on IMF  |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=141  |z IMF e-Library