Artikel
Macroprudential Policy and Credit Supply
In this paper we analyze financial crises, and the interactions of macroprudential policy and credit. Financial crises are recurrent systemic phenomena, often-triggering deep and long-lasting recessions with large reductions in aggregate welfare, output and employment. Importantly for policy, systemic financial crises are typically not random events triggered by exogenous events, but they tend to occur after periods of rapid, strong credit growth. Moreover, a credit crunch tends to follow in a financial crisis with negative aggregate real effects. Macroprudential policy softens the credit supply cycles, with important positive effects on the aggregate real economy in crisis times.
- Sprache
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Englisch
- Erschienen in
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Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 152 ; Year: 2016 ; Issue: 4 ; Pages: 305-318 ; Heidelberg: Springer
- Klassifikation
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Wirtschaft
Central Banks and Their Policies
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
financial crises
macroprudential policy
credit supply
risk-taking
capital
liquidity
- Ereignis
-
Geistige Schöpfung
- (wer)
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Peydró, José-Luis
- Ereignis
-
Veröffentlichung
- (wer)
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Springer
- (wo)
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Heidelberg
- (wann)
-
2016
- DOI
-
doi:10.1007/BF03399430
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Peydró, José-Luis
- Springer
Entstanden
- 2016
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