This article provides a detailed introduction to China's launching of a digital currency. We
conduct a comparative analysis concerning whether digital currency is a more stable and …

In this paper, we examine the links among banking supervision, the volatility of financial
flows, and economic growth. In particular, we explore whether banking regulation mitigates …

In this paper we investigate how monetary policy in advanced economies affects financial
conditions in emerging market economies (EMEs). We find evidence for the working of …

Public administration, public policy, and political economy literatures are increasingly
preoccupied with the role of agency in policy and institutional change, and the effects of …

In this article, we study the transmission mechanisms of the effect of a set of 12
macroprudential policies on the risk-taking of banks using a large number of countries and a …

During the global financial crisis of 2008–2009, both advanced and emerging countries
have implemented significant easing policies on monetary and fiscal fronts. Yet, the …

While capital inflows bring a number of benefits to recipient countries, they may also
exacerbate some risks including financial instability. In this paper, we propose that cross …

This paper investigates the complementarity between the different macroprudential policies
to contain bank systemic risk. We use a newly updated version of the IMF survey on Global …

The predominant role of cross border financial flows for macroeconomic and financial
stability has imposed complex policy trade-offs for emerging economies, especially after the …

In line with recent policy discussions on the use of macroprudential policies (MPPs) to
respond to cross-border risks arising from capital flows, this paper tries to quantify which …