Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/234483 
Year of Publication: 
2020
Series/Report no.: 
ECB Occasional Paper No. 242
Publisher: 
European Central Bank (ECB), Frankfurt a. M.
Abstract: 
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented macroprudential policies have the potential to create material cross-border spillover effects. This occasional paper provides a detailed overview of the academic and empirical literature on cross-border effects of macroprudential policies. It also summarises a stocktaking exercise, conducted by a task force of the ESCB's Financial Stability Committee (FSC), on existing national approaches within the EU for assessing and monitoring such cross-border spillover effects. The paper accompanies an FSC report presenting a framework to be used by macroprudential authorities when assessing cross-border spillover effects induced by enacted or planned policy measures.
Subjects: 
European Central Bank
banking union
financial stability
systemic risks
macroprudential policies
cross-border spillovers
JEL: 
E42
E58
F36
G21
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-4248-5
Document Type: 
Research Report

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