Macroprudential Policy: What Instruments and How to Use Them? Lessons from Country Experiences
Citations
410 citations
404 citations
Cites background from "Macroprudential Policy: What Instru..."
...Lim et al. (2011) explore the role of macro-prudential policies and document evidence of some policies being effective in reducing the procyclicality of credit and leverage....
[...]
...For example, Lim et al. (2011) explore the role of MaPP on affecting credit and leverage growth, while Crowe et al. (2011) explore the effects of MaPP like LTVs on real estate booms and busts....
[...]
...Data on actual use of MaPP in recent years have been collected through a survey of country authorities for a sample of some 48 countries, both ACs and EMs (see further Lim et al, 2011 for the exact coverage and definitions) as well as from an internal IMF survey of country desk economists....
[...]
341 citations
338 citations
274 citations
Cites background from "Macroprudential Policy: What Instru..."
...Most empirical work on the subject relies on the 2011 IMF survey data presented in Lim et al. (2011). Using this database, Lim et al....
[...]
...Most empirical work on the subject relies on the 2011 IMF survey data presented in Lim et al. (2011). Using this database, Lim et al. (2011) find that several different macroprudential tools reduce the procyclicality of credit growth by reducing the correlation between credit growth and GDP growth....
[...]
...Using this database, Lim et al. (2011) find that several different macroprudential tools reduce the procyclicality of credit growth by reducing the correlation between 3 In the counterfactual exercise we restrict our attention to the last three years of the sample period when macroprudential…...
[...]
...Most empirical work on the subject relies on the 2011 IMF survey data presented in Lim et al. (2011) ....
[...]
...Most empirical work on the subject relies on the 2011 IMF survey data presented in Lim et al. (2011). Using this database, Lim et al. (2011) find that several different macroprudential tools reduce the procyclicality of credit growth by reducing the correlation between credit growth and GDP growth. IMF (2012) explores the relationship between monetary and...
[...]
References
16,245 citations
Additional excerpts
...26Developed by Arellano and Bover (1995)....
[...]
822 citations
732 citations
"Macroprudential Policy: What Instru..." refers background in this paper
...2See, for example, Borio (2010), Galati and Moessner (2011), and Viñals (2010 and 2011)....
[...]
540 citations
522 citations