Arbeitspapier

Effectiveness of Macroprudential Policies in Developing Asia: An Empirical Analysis

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.

Sprache
Englisch

Erschienen in
Series: ADB Economics Working Paper Series ; No. 439

Klassifikation
Wirtschaft
Financial Crises
Financial Institutions and Services: Government Policy and Regulation
Economics of Regulation
Thema
developing Asia
financial stability
macroprudential policy

Ereignis
Geistige Schöpfung
(wer)
Lee, Minsoo
Asuncion, Ruben Carlo
Kim, Jungsuk
Ereignis
Veröffentlichung
(wer)
Asian Development Bank (ADB)
(wo)
Manila
(wann)
2015

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.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Lee, Minsoo
  • Asuncion, Ruben Carlo
  • Kim, Jungsuk
  • Asian Development Bank (ADB)

Entstanden

  • 2015

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