Effectiveness of macroprudential policies: Panel data evidence on the role of institutions, financial structure, and banking regulations
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Date
2021
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Springer International Publishing
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Abstract
The effectiveness of macro-prudential policies to mitigate credit cycles and reduce capital flow volatility is at the center of policy debates. In this chapter, we investigate the factors which influence the performance of macro-prudential tools by focusing on institutions, financial structure, and banking sector regulations. We find strong evidence indicating that macro-prudential measures are more effective when they are complemented with a tighter regulatory framework. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2021. All rights reserved.
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Capital flows, Credit growth, Institutions, Macroprudential policies, Regulations
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Economic Growth and Ficial Development: Effects of Capital Flight in Emerging Economies
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Start Page
103
End Page
114