Sudden surges and macroprudential policies

被引：1
|
作者：
Bandaogo, Mahama Samir [1 ]
Lartey, Emmanuel K. K. [2 ]
机构：
[1] World Bank, 1818 H St NW, Washington, DC 20433 USA
[2] Calif State Univ Fullerton, Dept Econ, Fullerton, CA 92634 USA
来源：
APPLIED ECONOMICS LETTERS | 2021年 / 28卷 / 01期
关键词：
Macroprudential polices; credit surges; credit booms; financial cycles;
D O I：
10.1080/13504851.2020.1730750
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper estimates the unconditional probability of a sudden surge in private credit and investigates the extent to which macroprudential policies impact the duration of the period preceding such a surge. While we observe sudden surges of credit over periods in which macroprudential policies were enacted, we document that these policies were effective at lowering the probability of credit booms between 2000 and 2013.
引用
收藏
页码：43 / 48
页数：6
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