Effectiveness of Macroprudential Policies in Developing Asia: An Empirical Analysis

Arbeitspapier

The global financial crisis highlighted the need for national bank supervisory authorities to improve surveillance systems and to detect early on the buildup of macroeconomic risks that could threaten the entire financial system. This paper presents an empirical framework for analyzing how effective macroprudential policies control credit growth, leverage growth, and housing price appreciation. Two significant findings emerge. Broadly, macroprudential policies can indeed promote financial stability in Asia. More specifically, different types of macroprudential policies are more effective against different types of macroeconomic risks.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ADB Economics Working Paper Series ; No. 439

Classification and Topics

• Classification: Wirtschaft ; Financial Crises ; Financial Institutions and Services: Government Policy and Regulation ; Economics of Regulation
• Subject: developing Asia ; financial stability ; macroprudential policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lee, Minsoo ; Asuncion, Ruben Carlo ; Kim, Jungsuk
• Event: Veröffentlichung
• (who): Asian Development Bank (ADB)
• (where): Manila
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/128551
• Last update: 10.03.2025, 11:43 AM CET