Finance, growth and (macro) prudential policy: European evidence

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F22%3A10249820" target="_blank" >RIV/61989100:27510/22:10249820 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/content/pdf/10.1007/s10663-022-09537-w.pdf" target="_blank" >https://link.springer.com/content/pdf/10.1007/s10663-022-09537-w.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10663-022-09537-w" target="_blank" >10.1007/s10663-022-09537-w</a>

Result language
angličtina
Original language name
Finance, growth and (macro) prudential policy: European evidence
Original language description
This paper examines the interactions between financial development, economic growth and (macro) prudential policy on a sample of 12 euro area countries. Our main takeaway is that active (macro) prudential policy supports the positive finance-growth nexus instead of disrupting it. These benefits are found to be more likely to materialize during tightening of (macro) prudential policy measures and not during easing. This result is conditional on the ability of (macro) prudential policy to curb excess credit growth and mitigate systemic risk, which would otherwise disrupt the market. Moreover, we assert that when analysing the effects of (macro) prudential policy, it is important to account for the direction of (macro) prudential measures, not just for the frequency at which they are implemented.
Czech name
—
Czech description
—

Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50200 - Economics and Business

Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)