Arbeitspapier
Risky banks and macroprudential policy for emerging economies
We develop a two-country DSGE model with global banks to analyze the role of crossborder banking flows on the transmission of a quality of capital shock in the United States to emerging market economies (EMEs). Banks face a moral hazard problem for borrowing from households. EME's banks might be risky: they can also be constrained to borrow from U.S. banks. A negative quality of capital shock in the United States generates a global financial crisis. EME's macroprudential policy that targets non-core liabilities makes the domestic economy resilient to the volatility of cross-border banking flows and makes EME's households better-off.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2016-06
- Klassifikation
-
Wirtschaft
Financial Institutions and Services: Government Policy and Regulation
Financial Markets and the Macroeconomy
International Policy Coordination and Transmission
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
Global banking
emerging market economies
financial frictions
macroprudential policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nuguer, Victoria
García Cuadra, José Gabriel
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Arbeitspapier
Beteiligte
- Nuguer, Victoria
- García Cuadra, José Gabriel
- Banco de México
Entstanden
- 2016
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