Using a sample covering emerging market and advanced economies, we assess the impact of macroprudential policies on financial stability. Our empirical setup is designed to account for potential direct indirect effects that can have banking crises. We find while (MPPs) exert stabilizing effect, they also an destabilizing which works through depressing economic growth. It turns out mitigating MPP...

Purpose The paper provides new evidence for Bitcoin’s safe-haven property by examining the relationship between currency price, return and Bitcoin trading volume. Design/methodology/approach A unique dataset from a person-to-person (p2p) exchange is used to investigate association volume prices. Currency returns are identify local economic crises, 8 crisis affected currencies Venezuela Bolivar ...

In order to develop reasonable measures counteract the destructive consequences of economic crises or prevent them, it is important build and adequate models emergence course crisis processes. The formal compliance existing with socio-economic processes during often incomplete cannot be adapted other conditions, economies, markets. Therefore, article devoted expediency possibility transformatio...

Banking crises are usually followed by a decline in credit and growth. Is this because crises tend to take place during economic downturns, or do banking sector problems have independent negative effects on the economy? To answer this question we examine industrial sectors with differing needs for financing. If banking crises have an exogenous detrimental effect on real activity, then sectors m...