In this paper, we analyze the use of macroprudential policies in a low interest rate
environment, where an occasionally binding zero lower bound (ZLB) constraint gives rise to …

The current low interest-rate environment poses new challenges to international bank
regulation policies. This paper analyzes the role of the Basel regulation in this new context …

This article assesses effects on the wider economy and overall costs and benefits of two
alternative macroprudential policies-loan-to-value ratios on mortgage lending and variable …

Tras casi seis años con los tipos de intervención situados en niveles cercanos a cero y con
numerosos estímulos no convencionales todavía en vigor, en 2014 ya se percibe la …

The purpose of this paper is twofold. First, we review the theoretical and empirical literature
on macroprudential policies and tools. Second, we test empirically the effectiveness of …

History will show the twentieth century to have been an unprecedented boom period for
central banking. At the start of the century, there were low single-figure numbers of central …

Purpose In particular, in this article, the authors investigate the degree of persistence in the
credit-to-gross domestic product (GDP) ratio in 44 Organisation for Economic Co-operation …

The European experience suggests that the efforts made to achieve an efficient trade-off
between monetary policy and prudential supervision ultimately failed. The severity of the …

The European Union has pursued a number of initiatives to create a safer and sounder
financial sector for the single market. In parallel, bold unconventional monetary policies …

Obwohl die Idee der makroökonomischen Perspektive der Regulierung des Banken-und
Finanzmarktes bereits in den 1970er und 1980er Jahren entstand, hat dieser Ansatz erst …