Effectiveness and Channels of Macroprudential Instruments : Lessons from the Euro Area /

Effectiveness and Channels of Macroprudential Instruments : Lessons from the Euro Area /

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Bibliographic Details
Author / Creator:Tressel, Thierry.
Imprint:[Washington, D.C.] : International Monetary Fund, [2016]
Description:1 online resource (32 pages)
Language:English
Series:IMF working paper 2227-8885 ; WP/16/4
IMF working paper ; WP/16/4.
Subject:
Financial risk management -- European Union countries -- Econometric models.
Bank capital -- European Union countries -- Econometric models.
Bank loans -- European Union countries -- Econometric models.
Bank capital -- Econometric models.
Bank loans -- Econometric models.
European Union countries.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13539823
Hidden Bibliographic Details
Other authors / contributors:Zhang, Yuanyan Sophia, author.
ISBN:1513564374
149836036X
9781498360364
9781513564371
1513547402
9781513547404
Notes:Includes bibliographical references (pages 30-32).
Print version record.
Summary:The crisis has highlighted the importance of setting up macro-prudential oversightframeworks, having effective macro-prudential instruments in place to be called upon tomitigate growing financial imbalances as needed. We develop a new approach using the euroarea Bank Lending Survey to assess the effectiveness of macro-prudential policies incontaining credit growth and house price appreciation in mortgage markets. We findinstruments targeting the cost of bank capital most effective in slowing down mortgage creditgrowth, and that the impact is transmitted mainly through price margins, the same b.
Other form:Print version: 1513547402
Standard no.:10.5089/9781513547404.001

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