Search Results for: Capital Controls Or Macroprudential Regulation

International capital flows can create significant financial instability in emerging economies because of pecuniary externalities associated with exchange rate

We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of

Recent events, such as capital flow reversals and banking sector crises, have shaken faith in the widely held belief in the benefits of greater financial integr

We analyze the joint impact of macroprudential and capital control measures on cross-border banking flows, while controlling for multidimensional aspects in len

In this paper we assess the effectiveness of macroprudential policies and capital controls in supporting financial stability. We construct a large and granular