Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128551
Authors: 
Lee, Minsoo
Asuncion, Ruben Carlo
Kim, Jungsuk
Year of Publication: 
2015
Series/Report no.: 
ADB Economics Working Paper Series 439
Abstract: 
The global financial crisis highlighted the need for national bank supervisory authorities to improve surveillance systems and to detect early on the buildup of macroeconomic risks that could threaten the entire financial system. This paper presents an empirical framework for analyzing how effective macroprudential policies control credit growth, leverage growth, and housing price appreciation. Two significant findings emerge. Broadly, macroprudential policies can indeed promote financial stability in Asia. More specifically, different types of macroprudential policies are more effective against different types of macroeconomic risks.
Subjects: 
developing Asia
financial stability
macroprudential policy
JEL: 
G01
G28
L51
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper

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