Avoiding a financial epidemic – the role of macroprudential policies
Ampudia, Miguel ; Lo Duca, Marco ; Farkas, Mátyás ; Perez Quiros, Gabriel ; Pirovano, Mara ; Rünstler, Gerhard ; Tereanu, Eugen
2021
87.3
1-6
epidemic disease ; economic policy ; financial system ; welfare state
Financing and monetary policy
https://www.ecb.europa.eu/pub/economic-research/resbull/2021/html/ecb.rb210921_2~ee61e73eba.en.pdf
English
"Many countries have implemented macroprudential policies. The aims are twofold: first, to render the financial system more resilient to shocks and, second, to prevent booms and busts in the financial system in response to economic cycles. This article provides theoretical and empirical evidence which shows the positive impact that these measures have on financial stability, as well as the gains in economic growth derived from a stronger financial system."
Digital
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