Financial Stability: Risks, Resilience, and Policy
نویسندگان
چکیده
منابع مشابه
Financial Stability, Growth and Macroprudential Policy∗
Many emerging market economies have used macroprudential policy to mitigate the risk of financial crises and the resulting output losses. However, macroprudential policy may reduce economic growth in good times. This paper introduces endogenous growth into a small open economy model with occasionally binding collateral constraints in order to study the impact of macroprudential policy on financ...
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The discussion of Claudio Borio’s and Franklin Allen’s papers left me thinking that history has not been kind to the Wallis Committee of Inquiry into the Australian Financial System. It would appear that banks complement fi nancial markets, rather than substitute for them, to a far greater extent than assumed by the Committee. This even led to speculation that the Wallis architecture of creatin...
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ژورنال
عنوان ژورنال: Economic Commentary (Federal Reserve Bank of Cleveland)
سال: 2020
ISSN: 2163-3738,0428-1276
DOI: 10.26509/frbc-ec-202022