Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?

Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?
Author :
Publisher : International Monetary Fund
Total Pages : 41
Release :
ISBN-10 : 9781513547763
ISBN-13 : 1513547763
Rating : 4/5 (763 Downloads)

Book Synopsis Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)? by : Katharina Bergant

Download or read book Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)? written by Katharina Bergant and published by International Monetary Fund. This book was released on 2020-06-26 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 to this result, including measures targeting bank capital and liquidity, foreign currency mismatches, and risky forms of credit. We also find that tighter macroprudential regulation allows monetary policy to respond more countercyclically to global financial shocks. This could be an important channel through which macroprudential regulation enhances macroeconomic stability. These findings on the benefits of macroprudential regulation are particularly notable since we do not find evidence that stricter capital controls provide similar gains.


Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)? Related Books

Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?
Language: en
Pages: 41
Authors: Katharina Bergant
Categories: Business & Economics
Type: BOOK - Published: 2020-06-26 - Publisher: International Monetary Fund

GET EBOOK

We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of
Preemptive Policies and Risk-Off Shocks in Emerging Markets
Language: en
Pages: 54
Authors: Ms. Mitali Das
Categories: Business & Economics
Type: BOOK - Published: 2022-01-07 - Publisher: International Monetary Fund

GET EBOOK

We show that “preemptive” capital flow management measures (CFM) can reduce emerging markets and developing countries’ (EMDE) external finance premia duri
Dampening Global Financial Shocks
Language: en
Pages: 0
Authors: Katharina Bergant
Categories:
Type: BOOK - Published: 2023 - Publisher:

GET EBOOK

The Anatomy of the Transmission of Macroprudential Policies
Language: en
Pages: 57
Authors: Viral V. Acharya
Categories: Business & Economics
Type: BOOK - Published: 2020-05-22 - Publisher: International Monetary Fund

GET EBOOK

We analyze how regulatory constraints on household leverage—in the form of loan-to-income and loan-to-value limits—a?ect residential mortgage credit and hou
Macroprudential Policy - An Organizing Framework - Background Paper
Language: en
Pages: 33
Authors: International Monetary Fund. Monetary and Capital Markets Department
Categories: Business & Economics
Type: BOOK - Published: 2011-03-14 - Publisher: International Monetary Fund

GET EBOOK

MCM conducted a survey in December 2010 to take stock of international experiences with financial stability and the evolving macroprudential policy framework. T