Countries are making more active use of macroprudential tools than in the past with the goal
of improving the resilience of their broader financial systems. A growing body of evidence …

Over the last two decades, the unprecedented increase in non-bank financial intermediation,
particularly the rise of open-end mutual funds and exchange-traded funds, accounts for …

Has the occurrence of “extreme capital flow movements”—episodes of sudden surges,
stops, flight and retrenchment—changed since the Global Financial Crisis (GFC)? And was …

This paper builds a novel database on the effects of macroprudential policy drawing from 58
empirical studies, comprising over 6000 results on a wide range of instruments and outcome …

We show that macroprudential regulation significantly dampens the impact of global
financial shocks on emerging markets. Specifically, a tighter level of regulation reduces the …

This article develops a heterogeneous firm-dynamics model to jointly study firms' currency
debt composition and investment choices. In our model, foreign currency borrowing arises …

The effects of macroprudential policy on portfolio flows vary considerably across the global
financial cycle. A tighter ex-ante macroprudential stance amplifies the impact of global risk …

We consider the effects of global economic policy uncertainty on capital inflows and the
potentially mitigating effect of different macroprudential frameworks and policies on this …

This paper reviews selected post-Global Financial Crisis theoretical and empirical
contributions on capital controls and identifies three theoretical motives for the use of this …

This paper compares the effectiveness of macroprudential policies (MaPs) and capital
controls (CCs) in influencing the volume and composition of capital inflows, and the …