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
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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)
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Asian Development Bank (ADB)
- (wo)
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Manila
- (wann)
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2015
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Lee, Minsoo
- Asuncion, Ruben Carlo
- Kim, Jungsuk
- Asian Development Bank (ADB)
Entstanden
- 2015