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| dc.title | Research Insights: How Can Macro-Prudential Policy Control the Impact of Cross-Border Bank Flows on Emerging Market Economies? |
| dc.contributor.author | Cuadra, Gabriel |
| dc.contributor.author | Nuguer, Victoria |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.date.available | 2021-06-10T00:00:00 |
| dc.date.issue | 2021-06-10T00:00:00 |
| dc.description.abstract | Advanced economies (AEs) transmit economic crisis to Emerging Market Economies (EMEs) through cross-border bank flows, impacting their output, credit, and assets prices. Empirical evidence suggests that the transmission of the crisis from AEs to EMEs is higher in the absence of macro-prudential policy. A macro-prudential policy in the form of a levy on EMEs banks, when credit grows faster than deposits, reduces the propagation of AEs crisis to EMEs: the consumption drop is 12 percent lower, and the reaction of the labor market smoother, so consumers are better off with the policy than without it. |
| dc.format.extent | 4 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0003327 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Research-Insights-How-Can-Macro-Prudential-Policy-Control-the-Impact-of-Cross-Border-Bank-Flows-on-Emerging-Market-Economies.pdf |
| dc.identifier.url | https://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-Como-puede-la-politica-macroprudencial-controlar-el-impacto-de-los-flujos-bancarios-transfronterizos-en-las-economias-emergentes.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Credit Growth |
| dc.subject | Financial Policy |
| dc.subject | Capital Flow |
| dc.subject | Financial System |
| dc.subject | Financial Friction |
| dc.subject | Macroeconomic Policy |
| dc.subject | Financial Stability |
| dc.subject | Emerging Market |
| dc.subject.jelcode | G28 - Government Policy and Regulation |
| dc.subject.jelcode | G21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages |
| dc.subject.jelcode | E44 - Financial Markets and the Macroeconomy |
| dc.subject.jelcode | F42 - International Policy Coordination and Transmission |
| dc.type | Catalogs and Brochures |
| idb.identifier.pubnumber | IDB-CB-00537 |
| idb.operation | BK-C1102 |