New evidence on the effectiveness of macroprudential measures

Research output: Non-textual formWeb publication/site

  • Yener Altunbas
  • Mahir Binici
    International Monetary Fund
  • Leonardo Gambacorta
    Bank for International Settlements (BIS)
  • Andres Murcia
    Banco de la Republica de Colombia
The main objective of macroprudential tools is to reduce systemic risks – in particular, the frequency and depth of financial crises. Most studies look at the impact of macroprudential measures on credit growth, focusing on country-wide data or bank-level information. This column presents new evidence using credit registry data at the bank-firm level to evaluate the impact on bank risk measures. Results show that macroprudential tools help stabilise credit cycles and contain bank risk.
Original languageEnglish
Media of outputOnline
Publication statusPublished - 5 Dec 2017
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