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Wyszukujesz frazę "macroprudential measures" wg kryterium: Temat


Wyświetlanie 1-3 z 3
Tytuł:
On the concept of financial stability in the public interest
Autorzy:
Schweigl, Johan
Powiązania:
https://bibliotekanauki.pl/articles/48899362.pdf
Data publikacji:
2023-09-30
Wydawca:
Uniwersytet Warszawski. Wydawnictwa Uniwersytetu Warszawskiego
Tematy:
financial stability
public interest
regulation
supervision
prudential requirements
macroprudential measures
financial assistance funds
extraordinary tools
monetary policy
financial market participants
providers of financial services
Opis:
In this text, the author examines the concept of financial stability and its importance in the public interest, particularly in the context of the European Union (EU). He mainly outlines the core measures in the EU set for maintaining financial stability, including regulation and supervision, supervisory bodies and institutions, financial assistance funds, and monetary policy. The author emphasizes the critical role of financial stability in ensuring households’ and businesses’ access to credit and promoting economic growth, job creation, and rising standards of living. He argues that maintaining financial stability is the key responsibility of central banks and financial regulators and is necessary for achieving broader goals. The author concludes that further multidisciplinary research is needed to fully understand the complex interactions among the various components of the financial stability framework in the EU and to develop more effective policies for maintaining financial stability.
Źródło:
Studia Iuridica; 2023, 98; 159-168
0137-4346
Pojawia się w:
Studia Iuridica
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Credit cycles and macroprudential policies in emerging market economies
Autorzy:
Lazarevic, Jelisaveta
Kuzman, Tanja
Nedeljkovic, Milan
Powiązania:
https://bibliotekanauki.pl/articles/19322580.pdf
Data publikacji:
2022
Wydawca:
Instytut Badań Gospodarczych
Tematy:
credit cycle
macroprudential measures
emerging markets
Opis:
Research background: Excessive credit expansions have an important role in the generation and amplification of business cycles in emerging market (EM) economies. Macroprudential policies can be beneficial in restraining excessive credit growth and safeguarding financial stability. Despite recent theoretical advances in understanding of the benefits of macroprudential policies, empirical evidence on their effect on the credit cycle is still scarce. Purpose of the article: This paper studies the effectiveness of macroprudential measures in the sample of major EM economies focusing on the broad credit measure and using an empirical framework which aims to alleviate several concerns in the previous literature. We examine the effectiveness of four categories of measures which are granular enough to provide relevant policy perspectives, whilst mitigating data sparsity issues. By exploiting both time-series and cross-country variation in the tightness of macroprudential regulation in the construction of policy variables we also mitigate some of the common reverse causality concerns. Methods: We use panel data and employ several (fixed effect, bias corrected LSDV and dynamic interactive fixed effect) estimators to ensure that the results are not sensitive with respect to the estimation method while, together with our construction of the policy variables, alleviating other endogeneity concerns. Findings & value added: We uncover the heterogeneity in the effects of macroprudential measures on the credit cycle. While measures related to bank capital and credit activity are found to be effective in leaning-against the credit cycle, the measures targeting bank liquidity and FX exposures fail to have statistically significant effect. Our results provide the rationale for mixed evidence in the empirical literature studying the effectiveness of the broadly defined macroprudential measures. From the policy perspective, our findings provide evidence that the measures which address excessive credit expansion and strengthen the resilience of the financial system are effective in the EM economies.
Źródło:
Oeconomia Copernicana; 2022, 13, 3; 633-666
2083-1277
Pojawia się w:
Oeconomia Copernicana
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Polityka makroostrożnościowa jako narzędzie łagodzenia procyklicznej działalności kredytowej banków
Autorzy:
Dobrzańska, Anna
Powiązania:
https://bibliotekanauki.pl/articles/428680.pdf
Data publikacji:
2014
Wydawca:
Polska Akademia Nauk. Komitet Nauk o Finansach PAN
Tematy:
procyclicality
macroprudential policy
macroprudential tools
countercyclical measures
Źródło:
FINANSE Czasopismo Komitetu Nauk o Finansach PAN; 2014, 1(7); 97 - 123
1899-4822
Pojawia się w:
FINANSE Czasopismo Komitetu Nauk o Finansach PAN
Dostawca treści:
Biblioteka Nauki
Artykuł
    Wyświetlanie 1-3 z 3

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